As politicians focus on the upcoming elections in November, there is a looming fiscal cliff that the U.S. could fall off in December, Potomac Research Group Chief Political Strategist Gregory R. Valliere predicts.

The combination of just 20 legislative days after the election and multiple major issues to be resolved could make it the “most significant, most momentous lame duck session ever in Congress,” Valliere said. It could be as late as Dec. 22 before we know what taxes will be on Jan. 1.

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