FRONTLINE

Teetering on the Fiscal Cliff

February 12, 2013

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After every other effort to reach a deal on the debt ceiling failed, Senate minority leader Mitch McConnell reached a deal with Vice President Biden that raised the debt ceiling until after the 2012 election, creating the so-called “fiscal cliff.” But when President Obama retained the White House and the Republicans maintained their majority in the House, the gridlock remained.

 

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