Fears of a new recession grow as Bush-era tax cuts are set to expire Dec. 31 and automatic spending cuts are set to follow. Businesses are putting expansion on hold.WASHINGTON — Fears about a looming fiscal crisis at the end of the year are starting to pinch job growth and threatening to undercut the nation's fragile recovery, a growing number of economists and employers say.
Comment on Fed Chairman Ben Bernanke warns of 'fiscal cliff' risks
By Don Lee, Los Angeles Times, Los Angeles Times
Thu, 06/07/2012 - 5:36pm
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