Definition of fiscal cliff in English:

fiscal cliff

Syllabification: fis·cal cliff

noun

  • A situation in which a particular set of financial factors causes or threatens sudden and severe economic decline: the massive new spending program threatens to send our nation over a fiscal cliff, leading to even higher taxes and fewer jobs
    More example sentences
    • If the House passes the bill, the across-the-board tax hikes and massive spending cuts that make up the fiscal cliff will not go into effect Tuesday as scheduled.
    • Many economists note the economy may be poised for a rebound, depending upon what happens with the so-called fiscal cliff.
    • Spending momentum should continue into 2013 - as long as the fiscal cliff is resolved in a way that avoids damaging the economy.

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Word of the day coloratura
Pronunciation: ˌkɒlərəˈtjʊərə
noun
elaborate ornamentation of a vocal melody