WASHINGTON -- As the week winds down with lawmakers and the White House still at odds over dueling proposals to avert the fiscal cliff, a growing number of voices in the debate are suggesting that the year-end deadline could pass without a deal, initiating a set of across-the-board tax increases and automatic spending cuts.

Add to those Mark Zandi, chief economist with Moody's Analytics, who testified before the congressional Joint Economic Committee on Thursday and urged lawmakers to hammer out a comprehensive agreement that not only addresses the near-term tax and spending challenges, but that extends to the broader issues of the federal borrowing limit and structural overhauls to address long-term deficits.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access