2012-12-27 US Fiscal Cliff: The Deadline is Approaching
2012-12-27 14:53:26
CRIENGLISH.com Web Editor: Wu You
On January 2 the United States will hit the fiscal cliff. The cliff is the term being used to describe a series of automatic tax increases and spending cuts. If lawmakers cannot agree to a compromise, taxes will increase by over 500 billion US dollars a year and annual spending will be cut by 110 billion dollars equally split between discretionary and military spending. The US Congressional Budget office says hitting the cliff will cost the US 4 percent of its growth while others say the global impact could be even worse. -James Rae, Fulbright Scholar at China Foreign Affairs University; -John K. White, Professor of Politics at the Catholic University of America; -Peter Karl Kresl, Professor in the Department of Economics at Bucknell University. Panel Discussion:
Global Talk: Today's events include Japan's new cabinet, a high profile defection in Syria, the Central African Republic asking France for help with advancing rebels, Sunni's protesting in Iraq, and much more.
Kunqu Opera Experience the charm of Kunqu Opera, one of the oldest forms of Chinese opera.
Melody over the Pacific A concert marking the 40th Anniversary of Richard Nixon's visit to China.
Traditional Guqin The guqin, a seven-stringed plucked zither, is China's oldest stringed instrument.
CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.
CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.
weibo.com/beijinghour
