The 112th Congress and the White House negotiated legislation to keep some of the Bush era tax cuts and delay government spending cuts for two months. Today, the Urban Institute held a discussion titled "Fiscal Cliffhanger: Playing Chicken at the Policy Precipice."
A panel of former senior officials from the White House and Congressional Budget Office (CBO) provided an analysis of what the so-called "fiscal cliff" debate accomplished and what the bill did not achieve, and what is likely to happen in 2013.
Participants included: Donald Marron, director of the Urban-Brookings Tax Policy Center; Rudolph Penner, fellow at the Urban Institute; Robert Reischauer, president emeritus of the Urban Institute and Howard Gleckman, resident fellow at the Urban Institute.