Moody’s economist explains results of fiscal cliff

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Fiscal Cliff

(AP image)

President Barack Obama wants to keep up pressure on Republicans as a year-end deadline for avoiding a so-called fiscal cliff of tax increases and spending cuts draws near.

Jon Lonski, Chief Economist for Moody’s Capital Market Research, explains what may happen if an agreement is not reached in this interview with KFWB’s Penny Griego and Phil Hulett:

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