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Fiscal cliff notes: answering your questions Fiscal cliff notes: answering your questions
(4 months later)
All this week, Republicans and Democrats in the US Congress – and the Obama administration – have been tussling over what to do about the dramatically named fiscal cliff, the impending moment when Bush-era tax cuts expire and government spending is due to be cut.All this week, Republicans and Democrats in the US Congress – and the Obama administration – have been tussling over what to do about the dramatically named fiscal cliff, the impending moment when Bush-era tax cuts expire and government spending is due to be cut.
So at the end of the week, what has been achieved? Where do the negotiations stand? If you live in the US, how will your paycheck be affected if the country falls off the cliff, or if it does not? Does the issue mean anything beyond American shores? Are you still wondering about what was discussed at that White House lunch date between Barack Obama and Mitt Romney?So at the end of the week, what has been achieved? Where do the negotiations stand? If you live in the US, how will your paycheck be affected if the country falls off the cliff, or if it does not? Does the issue mean anything beyond American shores? Are you still wondering about what was discussed at that White House lunch date between Barack Obama and Mitt Romney?
Now is your time to get some answers.Now is your time to get some answers.
We're wrapping up our week of coverage with a live chat with our finance and economics team, Heidi Moore and Dominic Rushe in the comments section at 2pm ET Friday. Heidi and Dom are the minds behind our fiscal cliff explainer – if you need a refresher, it's the best place to get all the background you need.We're wrapping up our week of coverage with a live chat with our finance and economics team, Heidi Moore and Dominic Rushe in the comments section at 2pm ET Friday. Heidi and Dom are the minds behind our fiscal cliff explainer – if you need a refresher, it's the best place to get all the background you need.
Have questions of your own?Have questions of your own?
@guardianus Will the US's Fiscal cliff hurt the Asian economies as well in near future ?@guardianus Will the US's Fiscal cliff hurt the Asian economies as well in near future ?


See the answers to this question and others by visiting the comments section of this post. Use #Fiscalcliffnotes to see what questions have been added so far, and add your own questions using that hash tag.See the answers to this question and others by visiting the comments section of this post. Use #Fiscalcliffnotes to see what questions have been added so far, and add your own questions using that hash tag.
We'll be taking questions all morning, but Heidi and Dom will start answering your questions at 2pm EST.We'll be taking questions all morning, but Heidi and Dom will start answering your questions at 2pm EST.
More coverage:More coverage:
Fiscal cliff quick-fixes could push US into recessionFiscal cliff quick-fixes could push US into recession
Republicans reject White House fiscal cliff proposals as incompleteRepublicans reject White House fiscal cliff proposals as incomplete
Full fiscal cliff coverage pageFull fiscal cliff coverage page
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