A situation in which a particular set of financial factors cause or threaten sudden and severe economic decline: the massive new spending programme threatens to send our nation over a fiscal cliff, leading to even higher taxes and fewer jobs
More example sentences
- Congress has returned from Thanksgiving break to tackle the looming fiscal cliff.
- This afternoon, the President and Speaker Boehner met at the White House to discuss efforts to resolve the fiscal cliff.
- Until recently, investors were treating the "fiscal cliff" with a measure of nonchalance.
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