Even if lawmakers agreed to whistle past the problem this time, another showdown would loom early in the year.The government is again approaching its borrowing limit, and needs a vote of Congress to raise it. House Speaker John Boehner says Republicans won't go along with that unless the increase is matched by spending cuts. Failing to raise the debt ceiling could lead to a first-ever U.S. default that would roil the stock and bond markets.
Why It's So Hard To Step Back From 'fiscal Cliff'
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