The fiscal cliff — a series of automatic tax hikes and federal spending cuts that are expected to hit in January 2013 — are already deterring economic growth with companies bracing for fiscal shocks next year, Bloomberg reports.
The article questions whether you can get hurt before hurling yourself off a cliff. The answer provided is 'yes.'
The report cites the Philadelphia Fed as saying, "Many customers are delaying purchases due to uncertainty stemming from ... fiscal policy. There are concerns about the impact of the fiscal decisions that will follow the election."
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