What the heck is the fiscal cliff?

If Congress doesn't act by the beginning of next year, the combined effects of budget cuts and tax increases could damage the economy.

Business News Videos
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  • Gun sales soar near Ferguson 

    Gun stores surrounding Ferguson have seen a spike in sales. Citizens fear more protests in the near future.

  • Why 8 million airbags are being recalled 

    Takata, one of the largest manufacturers of airbags, is recalling 8 million of the safety devices because they can explode and send shrapnel flying at drivers.

  • ThyssenKrupp beats forecasts 

    ThyssenKrupp, Germany's largest steelmaker, reported the first annual profit in four years after selling a U.S. plant that was part of the 203-year-old company's worst investment.

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    The minivan has a reputation for safety, but that might change after a recent round of IIHS crash tests.

 

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