Fiscal Cliff: Is the Nation Waiting for Godot?

A belief by both parties that the other will take more blame is adding to the sense that a deal won’t be coming along.

BW_Question_MarkEconomists, budget hawks and business groups are growing more and more concerned that Washington will allow the nation to go over the fiscal cliff by doing nothing to prevent looming spending cuts and tax increases.

Earlier this year it seemed impossible that Congress could allow the nation to slip over the cliff, given predictions it could spark a new recession, and Federal Reserve Chairman Ben Bernanke has repeatedly warned lawmakers of dire economic consequences.

Yet two weeks before a presidential election that is razor-close, there is new skepticism that any deal will be reached in lame-duck Washington.

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Source: Ian Swanson | The Hill