Fiscal Cliff and the Economy

Witnesses testified on the effects of the “fiscal cliff” on the U.S. economy and the middle class, with a focus on sustaining… read more

Witnesses testified on the effects of the “fiscal cliff” on the U.S. economy and the middle class, with a focus on sustaining long-term economic growth, reducing U.S. debt, and protecting the middle class. They agreed that the issue need to be resolved immediately to avoid another recession, but disagreed on how to raise revenue to achieve fiscal sustainability.

“Fiscal cliff” referred to the impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. "Sequestration," a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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Fiscal Cliff and the Economy

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Program ID:
309812-1
Category:
Joint Committee
Format:
Joint Committee
Location:
Washington, District of Columbia, United States
First Aired:
Dec 6, 2012
Last Aired:
Dec 10, 2012

Airing Details

  • Dec 06, 2012 | 1:35pm EST | C-SPAN RADIO
  • Dec 06, 2012 | 4:56pm EST | C-SPAN 1
  • Dec 06, 2012 | 8:23pm EST | C-SPAN 1
  • Dec 07, 2012 | 12:09am EST | C-SPAN 1
  • Dec 07, 2012 | 2:35am EST | C-SPAN RADIO
  • Dec 07, 2012 | 5:16am EST | C-SPAN 1
  • Dec 07, 2012 | 11:18am EST | C-SPAN 1
  • Dec 08, 2012 | 3:40pm EST | C-SPAN RADIO
  • Dec 09, 2012 | 10:38am EST | C-SPAN 1
  • Dec 10, 2012 | 3:02pm EST | C-SPAN 1
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