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Analysis: Washington and Wall Street face "fiscal cliff"
If Congress does not take action on the "fiscal cliff," some experts say it will push the U.S. back into recession and roil the markets. Others anticipate a sanguine reaction from the markets. Many on Wall Street expect Congress to postpone changes. "They'll have to do some sort of short-term extension to buy some time to develop the larger component of addressing the fiscal cliff, which is a large-scale fiscal plan," said SIFMA's Ken Bentsen. Meanwhile, Andrew Ross Sorkin writes in the New York Times that the results of the presidential election won't do away with the uncertainty that is widely blamed for why the U.S. can't produce a robust economic recovery.

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