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The Fiscal Cliff and You – Penny and Phil Have you Covered

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Fiscal cliff

(AP image)

As Congress and the White House continue to struggle to come up with a solution to avoiding the so-called “fiscal cliff,” two things are happening: 1) uncertainty about tax rates in the near term, and 2) the surprisingly positive attitude on Wall Street.

this morning Penny Griego and Phil Hulett spoke with Jon Lonksi, Chief Economist with Moody’s Capital Market Research and he expressed incredulity over Wall Street’s upbeat attitude, while all indicators tell him the economy is headed for a fall is congress does not act.

Listen to a replay of the conversation here:

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