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Fiscal Cliff Talks Likely to Go Down to the Wire

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“Government officials may well spend New Year’s Eve crunching budget numbers rather than clinking champagne glasses,” USA Today reports.

“There’s no real incentive for the parties to reach an agreement now. Markets may want an early settlement, but, as mentioned, but the fiscal doesn’t start until Jan. 1 — more than four weeks way, a near-eternity in politics. Even after Jan. 1, elements of the fiscal cliff phase in gradually, and a new Congress could always pass legislation retroactive to the start of the year…Expect pushes for last-minute concessions.”

However, Wonk Wire notes the talks aren’t going well.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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