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The Guardian - AU
The Guardian - AU
World
Katie Rogers and Ruth Spencer

Fiscal cliff notes: answering your questions

All this week, Republicans and Democrats in the US Congress – and the Obama administration – have been tussling over what to do about the dramatically named fiscal cliff, the impending moment when Bush-era tax cuts expire and government spending is due to be cut.

So at the end of the week, what has been achieved? Where do the negotiations stand? If you live in the US, how will your paycheck be affected if the country falls off the cliff, or if it does not? Does the issue mean anything beyond American shores? Are you still wondering about what was discussed at that White House lunch date between Barack Obama and Mitt Romney?

Now is your time to get some answers.

We're wrapping up our week of coverage with a live chat with our finance and economics team, Heidi Moore and Dominic Rushe in the comments section at 2pm ET Friday. Heidi and Dom are the minds behind our fiscal cliff explainer – if you need a refresher, it's the best place to get all the background you need.

Have questions of your own?


See the answers to this question and others by visiting the comments section of this post. Use #Fiscalcliffnotes to see what questions have been added so far, and add your own questions using that hash tag.

We'll be taking questions all morning, but Heidi and Dom will start answering your questions at 2pm EST.

More coverage:

Fiscal cliff quick-fixes could push US into recession

Republicans reject White House fiscal cliff proposals as incomplete

Full fiscal cliff coverage page

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