Originally published on Mon November 19, 2012 8:28 pm
Debate over the long-term debt and the annual deficit has dominated the post-election agenda. Both the White House and Congress want to avert massive budget cuts and tax hikes early next year, a situation popularly called the "fiscal cliff."
The challenge has been brewing for years. But its current prominence owes much to the decades-long lobbying of billionaire Peter G. Peterson and his private foundation.
Read more