Definition of fiscal cliff in English:

fiscal cliff

Line breaks: fis¦cal cliff

noun

  • 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
    • 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.

More definitions of fiscal cliff

Definition of fiscal cliff in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day skosh
Pronunciation: skəʊʃ
noun
a small amount; a little