AND NOW: Here Comes Another Huge Fiscal Cliff

cliff sunrise

Photo: Takver at

A quick, obvious, and critical point: Assuming that all the reports are correct, and that a Fiscal Cliff has been agreed to, we now have a much bigger “Cliff” to deal with.The agreement today puts a 2-month extension on the “Sequester” part of the deal (meaning a delay in the spending cuts). Coincidentally, that almost perfectly aligns with when we hit the debt ceiling next.

And GOP has already promised a “bigger” battle on the debt ceiling.

So sequester + debt ceiling. Here we go.

Full cliff coverage is here >

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