Reed Optimistic About Avoiding Fiscal Cliff

It's a term we've been hearing about for several months now, the "fiscal cliff."  It's being used to describe tax increases and spending cuts slated to go into effect at the beginning of next year.  Congressman Tom Reed said he's optimistic that he and his colleagues will be able to avoid it.  

 

                                  

and what about in the short term?
 


Analysts from the Congressional Budget Office say going over the cliff would cut the federal deficit by 503 billion dollars through next September, but that the austerity measures would cause the economy to shrink by 0.5 percent next year and cost millions of jobs.

comments powered by Disqus
Local Weather
Geneva, NY
48°
Keyword Search
Geneva Office:
3568 Lenox Rd.
Geneva, NY 14456
(315) 781-7000
News fax (315) 781-7077
Auburn Office:
5998 Experimental Rd.
Auburn, NY 13021
(315) 258-0937
Dundee/Penn Yan office:
30 Main St.
Dundee, NY 14837
(607) 243-7158
Canandaigua Office:
3070 County Road 10
Canandaigua,NY 14424
(585) 394-1550
Copyright © 2014 Finger Lakes Daily News | EEO Report | Contest Rules | Contact
Site Designed by RiverBender.com
RSS Feeds