Economic Outlook for 2013
Peter Morici talked about the U.S. economic outlook for 2013. He responded to telephone calls and electronic communications. Topics… read more
Peter Morici talked about the U.S. economic outlook for 2013. He responded to telephone calls and electronic communications. Topics included the “fiscal cliff,” the possibility of a recession in 2013, the federal budget, and Social Security and Medicare.
“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
*The transcript for this program was compiled from uncorrected Closed Captioning.
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