What the 'fiscal cliff' means to you, your taxes

After the presidential election, the nation's attention turns to the "fiscal cliff," a combination of automatic tax increases and spending cuts that could devastate the U.S. economy.

So what exactly is the fiscal cliff? Check out the video for more:

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The so-called fiscal cliff, a combination of tax hikes and spending cuts, could act as a brake on the economy in 2013 and now eight senators from both parties are trying to find a solution.

Check out this video for more:

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