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Wednesday, May 30, 2012

Dire Predictions Amid Another Looming Fiscal Battle

The Bush-era tax cuts expire at the end of the year, along with the payroll tax break; the nation's borrowing authority bumps against its limit; and huge mandatory spending cuts ? half targeting defense ? are set to kick in. All this could trigger another recession, but Congress is unlikely to do much about it until after November's election.

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