Investopedia: The Fiscal Cliff - The Good, Bad, And Ugly

Looming over the stock market, the economy, and the upcoming election is the specter of the so-called "fiscal cliff" - a collection of tax increases and spending cuts that will go into effect on Jan. 1, 2013 if Congress is not able to pass some sort of compromise. As economists and analysts are forecasting an impact to GDP from 2% to 5% in 2013, it's clearly a significant event for investors to consider. What then is the bull/bear scenario as the fiscal cliff approaches?

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