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fiscal cliff

Line breaks: fis¦cal cliff

Definition of fiscal cliff in English:

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.

Definition of fiscal cliff in:

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