Economy to rise in 2013, but fiscal cliff drags down development

Before the New Year hoping to reach a compromise on the fiscal cliff, members of congress and President Barack Obama are hurrying back to Washington.

According to the Congressional Budget Office, going over the fiscal cliff—a series of spending cuts and tax increases set to take effect in 2013—would strip $600 billion from the U.S. economy, sending America back into recession. But according to economic analysts and money managers sent via email of Bradley Associates, the fiscal cliff is only the first in a series of challenges the U.S. economy will face in 2013. Even as the fiscal cliff looms, there are encouraging signs that the economy is poised for continued slow growth next year.


Read More