Items Tagged with 'fiscal'

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The Fiscal Cliff: What’s the Worst-Case Scenario for CUs?

The fallout wouldn’t be pretty for CU balance sheets.
‘The probability is better than 50% that we’ll kick the can down the road with some modest spending cuts and tax increases.’
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Falling Off the Fiscal Cliff

If Congress doesn’t act, current provisions would take $600 billion out of the economy.
The aftermath of last year’s debt ceiling impasse in Congress will be $100 billion in automatic spending cuts.
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