Financial advisors may have breathed a sigh of relief after lawmakers reached a deal to avoid the fiscal cliff, but the next several weeks will bring more debate, and potentially more turmoil, over big-ticket budget items that could dramatically alter the strategies you recommend to clients.

Andy Friedman, principal at the policy-analysis shop the Washington Update, on Wednesday offered advisors a preview of the legislative battles poised to jar the markets and, potentially, push the nation to the brink of default and threaten a government shutdown.

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