A situation in which a particular set of financial factors cause or threaten sudden and severe economic decline.
the massive new spending programme threatens to send our nation over a fiscal cliff, leading to even higher taxes and fewer jobs
Example sentencesExamples
If the House passes the bill, the across-the-board tax hikes and massive spending cuts that make up the fiscal cliff will not go into effect Tuesday as scheduled.
The same group last met more than a month ago and emerged expressing optimism they could strike a deal that avoided the fiscal cliff.
Congress has returned from Thanksgiving break to tackle the looming fiscal cliff.
Farmers will feel the impact if lawmakers fail to reach a deal on the fiscal cliff.
The outcomes of congressional races and the presidential contest could further complicate attempts to achieve a consensus on addressing the fiscal cliff.
Many economists note the economy may be poised for a rebound, depending upon what happens with the so-called fiscal cliff.
The "fiscal cliff" has been averted, thanks to a deal passed by Congress.
The fiscal cliff could mean cutbacks and layoffs in fields like medical research.
The uncertainty over the outcome of talks in Washington over the fiscal cliff has sapped the natural inclination to buy declining shares.
This afternoon, the President and Speaker Boehner met at the White House to discuss efforts to resolve the fiscal cliff.
Republicans are willing to go over the fiscal cliff in a doomed effort to keep tax rates low for the highest income earners.
The U.S. economy continued to add jobs in November despite worries about a looming fiscal cliff in Washington.
Worried about the approaching fiscal cliff and tax hikes, consumers spent less on gifts than in previous years and fewer bought gifts for themselves.
The impending fiscal cliff dominates the postelection agenda.
Until recently, investors were treating the "fiscal cliff" with a measure of nonchalance.
Spending momentum should continue into 2013 - as long as the fiscal cliff is resolved in a way that avoids damaging the economy.
Definition of fiscal cliff in US English:
fiscal cliff
noun
A situation in which a particular set of financial factors causes or threatens sudden and severe economic decline.
the massive new spending program threatens to send our nation over a fiscal cliff, leading to even higher taxes and fewer jobs
Example sentencesExamples
The same group last met more than a month ago and emerged expressing optimism they could strike a deal that avoided the fiscal cliff.
Farmers will feel the impact if lawmakers fail to reach a deal on the fiscal cliff.
Republicans are willing to go over the fiscal cliff in a doomed effort to keep tax rates low for the highest income earners.
Until recently, investors were treating the "fiscal cliff" with a measure of nonchalance.
The U.S. economy continued to add jobs in November despite worries about a looming fiscal cliff in Washington.
The uncertainty over the outcome of talks in Washington over the fiscal cliff has sapped the natural inclination to buy declining shares.
The impending fiscal cliff dominates the postelection agenda.
Worried about the approaching fiscal cliff and tax hikes, consumers spent less on gifts than in previous years and fewer bought gifts for themselves.
The outcomes of congressional races and the presidential contest could further complicate attempts to achieve a consensus on addressing the fiscal cliff.
If the House passes the bill, the across-the-board tax hikes and massive spending cuts that make up the fiscal cliff will not go into effect Tuesday as scheduled.
Many economists note the economy may be poised for a rebound, depending upon what happens with the so-called fiscal cliff.
The fiscal cliff could mean cutbacks and layoffs in fields like medical research.
Congress has returned from Thanksgiving break to tackle the looming fiscal cliff.
The "fiscal cliff" has been averted, thanks to a deal passed by Congress.
This afternoon, the President and Speaker Boehner met at the White House to discuss efforts to resolve the fiscal cliff.
Spending momentum should continue into 2013 - as long as the fiscal cliff is resolved in a way that avoids damaging the economy.