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
  • Why BMW is making cars in the USA 

    BMW's North American President Ludwig Willisch talks about why the company is manufacturing its X series cars in the South Carolina.

  • What are Ukraine's gas options? 

    Naftogaz CEO Andriy Kobolev says Ukraine may turn to Europe if Gazprom doesn't back down on its gas pricing.

  • They put a Ford Mustang WHERE?! 

    To celebrate its 50-year anniversary, Ford cut up a 2015 Mustang so it would fit inside the the Empire State Building's 36 inch elevator to be assembled 86 stories above the ground.

  • Bill Ford on 'revolutions' in car tech 

    Bill Ford, executive chairman of Ford, discusses the last 50 years of Mustang, global car markets, fuel economy, the GM recall and self-driving cars.

  • 'Flash Boys' want to rebuild trust 

    Brad Katsuyama is the new face of a growing faction on Wall Street calling for an end to the predatory practices of high-frequency trading. Find out how he plans to bring change to the financial system.

  • British Airways boss on Flight 370 

    CEO of International Airlines Group Willie Walsh says 'we've got to find this aircraft and we've got to understand what has happened.'

  • GM's CEO: Cost of fix 'not my focus' 

    CEO Mary Barra says that her company is not focused on the 'cost elements' of the safety fix and that GM is 'gonna do the right thing.'

  • GM CEO on recall: 'It took too long' 

    CEO Mary Barra explains GM's decision to recall 2.6 million cars with faulty ignition switches and what they are doing to prevent another situation in the future.

  • Jeffrey Sachs: Russia 'stirring the pot' 

    Economist Jeffrey Sachs describes how Russia is working to destabilize Ukraine ahead of elections and pull their once-Soviet counterparts away from the European Union and Western powers.

 
Sesto Elemento: One pricey Lamborghini 
The Lamborghini Sesto Elemento is almost completely carbon fiber, can go 0-60 in 2.4 seconds and will cost you more than $2 million. Play
Watch luxury cars struggle in crash tests 
The new test by the Insurance Institute for Highway Safety better simulates more realistic, off-center frontal crashes. Play
How Pink's became Hollywood's hot dog 
Pink's Hot Dogs, the iconic Los Angeles eatery, opened in 1939 as a pushcart selling hot dogs for just ten cents. Play
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