Analysis: "Fiscal cliff" showdown opens door for real change

12/13/2012 | Economist (free content), The

Precisely because it is such a grave matter, the standoff between President Barack Obama and Republicans in Congress over how to avert the "fiscal cliff" creates an opportunity for real reform of America's finances, according to The Economist. "Mr Obama is said to want a big deal that not only averts the fiscal cliff but sets America on a sustainable fiscal course," the magazine notes. "Such a deal is within his reach. He should grasp it."

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Economist (free content), The

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