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United States fiscal cliff facts for kids

Kids Encyclopedia Facts

The United States fiscal cliff was an economic situation in the United States in 2012. Several tax increases and spending cuts happened at about the same time, causing a sudden fall in the US budget deficit. A compromise was reached which delayed the economic impact.

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See also

Kids robot.svg In Spanish: Precipicio fiscal de Estados Unidos para niños

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United States fiscal cliff Facts for Kids. Kiddle Encyclopedia.