U.S. Sen. Bob Casey, D-Pa., today announced that the Joint Economic Committee, which he chairs, will hold a hearing Dec. 6 on the so-called “fiscal cliff.”
Cutting the deficit is part of the cure, but the title of the hearing is a little bloated: “Fiscal Cliff: How to Protect the Middle Class, Sustain Long-Term Economic Growth, and Reduce the Federal Deficit.”
The hearing will be at 9:30 a.m. on Dec. 6 in Room 216 of the Hart Senate Office Building. Casey will preside at the hearing.
“Republicans and Democrats need to come together to address the challenges of the so-called ‘fiscal cliff,’ ” Casey said in a statement.
“We need to cut more spending but we need to do so in a smart way that keeps our economy growing. This hearing will allow members from both sides of the aisle to hear from top economists on the best policies to ensure we strike a balanced approach in the best interest of our nation,” he said.
Congress and President Barack Obama are trying to strike a deal before the end of the year to avoid falling off the cliff – automatic spending cuts and tax increases that could plunge the nation into another recession.
– John Guerriero