Expiring tax and expenditure policies, if not addressed, will likely trigger a US recession in early 2013 that will affect every citizen in the nation. It seems, however, that no matter how much the mainstream media talks about the cliff and its implications, the average-joe is still focused on who will win X-Factor and whether Maria Carey and Nikki Minaj will have a knock-down drag-out fight on American Idol. Into this breach - to educate everyone - steps Bloomberg Briefs' Joe Brusuelas with this excellent primer on the US Fiscal Cliff and its Debt. Notably the senior economist outlines the upcoming risks to the economy, from the pending fiscal shock and why those risks may be greater than policy makers or investors are acknowledging.
Tune in for a live in-depth discussion TONIGHT on the “Fiscal Cliff” featuring renowned investment advisor and financial analyst Mario Gabelli, co-hosted by Tom Keene and Brusuelas, tune into Bloomberg Radio WBBR 1330 or Sirius XM Channel 113 at 5pm ET. Or, download the free Bloomberg Radio + app to obtain a podcast of the event.