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‘Cliff’ Deal Answers a Few Questions for States
Stateline: Congress averted the much-feared “fiscal cliff” late Tuesday (January 1), passing a legislative package that will be signed by President Obama. The deal answered a few burning questions for state governments, but many still linger.
Governors in recent weeks had been pressing Washington to find a way to stave off the combination of tax increases and spending cuts that took effect on New Year’s Day. Going over the self-made cliff, as Stateline has reported would have hugely impacted states.
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