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Monday
Dec312012

US Audio Feature: So How Serious is This "Fiscal Cliff"? --- Scott Lucas with the BBC


             

 DateMonday, December 31, 2012 at 10:50 | AuthorScott Lucas in , ,

See also US Politics Special: A 6-Point Guide to the "Fiscal Cliff"

Complementing Lee Haddigan's six-point guide to the "fiscal cliff" --- in which taxes will increase and funding for some programmes will be in jeopardy if there is no political agreement by midnight --- I spoke with the BBC this morning to explain the issues and their significance.

The take-away line: "The US will not go into economic meltdown if the White House and Congress fail to reach a deal. The effect is psychological --- it is loss of confidence that could foster another recession."

nd will there be a deal? "We won't know until midnight tonight because this is a game of political chicken."

BBC Radio 5 Live: The discussion starts at the 6:08 mark.

BBC Radio Scotland: The item begins at 2:07.26.

BBC Radio Wales: The interview starts at 1:25.34.

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    EA WorldView - Home - US Audio Feature: So How Serious is This "Fiscal Cliff"? --- Scott Lucas with the BBC

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