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Congress-White House Fiscal Cliff Discussions Underway

Under the radar, the U.S. Congress and the White House have begun quiet discussions on trying to avoid the fiscal cliff that lies down the road this fall for the federal government.

The Feds are facing a triple monetary threat: a need to raise the government’s debt ceiling; pass a budget by October 1, and deal with the mandatory $50 billion and $70 billion in cuts for domestic and defense, respectively, required under the Budget Control Act of 2011 (BCA).

The White House would like to increase i...

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