Looking Over the edge of the Fiscal Cliff

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The "fiscal cliff" means all income-tax payers are in for an increase and most government programs are in for massive reductions by the first of next year. What if the re-elected President and the lame-duck Congress can't make a deal? Would gridlock necessarily lead to another recession? We look at the financial picture and ask which players have the most to gain or lose in the aftermath of last week's election.

Credits

Guests:
David Wessel - Brookings Institution - @davidmwessel, Dana Milbank - Washington Post - @Milbank, Dean Baker - Center for Economic and Policy Research - @DeanBaker13, Doug Holtz-Eakin - American Action Forum - @djheakin

Host:
Warren Olney

Producers:
Anna Scott, Frances Anderton, Katie Cooper