At the beginning of the year, Americans dodged the “fiscal cliff” when President Obama signed into law the “American Taxpayer Relief Act of 2012.” This bill delayed the nation’s financial precipice until March 1. According to U.S. Budget Alert, in “fiscal cliff II,” automatic across-the-board spending cuts (sequestration) are now scheduled to take effect on March 1, 2013. See related article, page 1A. . . .
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