Expiring tax and expenditure policies, if not addressed, will likely trigger a US recession in early 2013 that will affect every citizen in the nation. It seems, however, that no matter how much the mainstream media talks about the cliff and its implications, the average-joe is still focused on who will win X-Factor and whether Maria Carey and Nikki Minaj will have a knock-down drag-out fight on American Idol. Into this breach - to educate everyone - steps Bloomberg Briefs' Joe Brusuelas with this excellent primer on the US Fiscal Cliff and its Debt. Notably the senior economist outlines the upcoming risks to the ... (full story)