President Obama is meeting with labor leaders at the White House on Tuesday — the first in a series of meetings aimed at avoiding automatic tax increases and spending cuts in the new year. The newly re-elected president is hoping to translate victory at the ballot box into success in shaping policy.
Virtually everyone agrees that allowing the nation to fall off the so-called fiscal cliff would be a bad thing. Government programs would be cut, taxes would rise and experts say the economy would fall back into recession. And after all that, the nation still would be dealing with a budget deficit.
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