Updated Friday, October 31, 2014 as of 8:49 AM ET

As Fiscal Cliff Nears and Debt Ceiling Looms, Year-End Deadline Could Slip

Hassett and Zandi's comments followed another week of posturing as leaders from both parties blasted the other for failing to offer a serious plan, and the Office of Management and Budget began directing federal agencies to begin to plan for the impact of the potential spending cuts.

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