Budget deficits, projected through 2022. The "CBO Baseline" shows the effects of the fiscal cliff. "Alternative Scenario" is the extension of the Bush tax cuts and the rollback of spending cuts.
Business Day reporter for The New York Times, Nelson Schwartz, talks about the effects the federal budgetary "cliff" is already having on corporatespending.
WNYC 93.9 FM and AM 820 are New York's flagship public radio stations, broadcasting the finest programs from NPR and Public Radio International, as well as a wide range of award-winning local programming. WNYC is a division of New York Public Radio.