Understanding the US Fiscal Cliff

Morningstar's Bob Johnson details the components of the upcoming US fiscal cliff, suggests a smaller-cliff scenario, and weighs the potential economic impact of both

Jason Stipp 15 October, 2012 | 6:00AM Robert Johnson, CFA
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Jason Stipp: I'm Jason Stipp for Morningstar.

As we head into the fourth quarter, concerns about the so-called fiscal cliff coming up at the end of the year and the beginning of 2013 are intensifying, but what exactly is this fiscal cliff? What's the potential impact? And what are some likely scenarios?

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Jason Stipp  is Editor of Morningstar.com, the sister site of Morningstar.co.uk.

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