Fiscal Cliff Economy

December 12, 2012 - 2:33 AM
FILE - In this Tuesday, Dec. 11, 2012, file photo, House Speaker John Boehner of Ohio leaves his office and walks to the House floor to deliver remarks about negotiations with President Obama on the fiscal cliff, on Capitol Hill in Washington. Even if Congress and the White House fail to strike a budget deal by New Year's Day, reality may be a lot less bleak then the scenario that's been spooking employers and investors and slowing the U.S. Economy. The tax increases and spending cuts could be retroactively repealed after Jan. (AP Photo/J. Scott Applewhite)