Excerpt
SUMMARY: Returning to Washington after the holiday break, House Republicans called on the Senate to "act first" and avert the fiscal cliff. With prospects still murky for a deal before year's end, Gwen Ifill and guests discuss what government workers, Wall Street investors and taxpayers can expect if lawmakers miss the deadline.
GWEN IFILL (Newshour): President Obama heads back to Washington tonight, as House Republicans call on the Senate to come up with a plan to avert the fiscal cliff.
With prospects still murky for a deal before year's end, what can government workers, Wall Street investors and taxpayers expect if lawmakers miss the deadline?
For that, we turn to Stacy Palmer, editor of The Chronicle of Philanthropy, Jacque Simon, public policy director of the American Federation of Government Employees, and Hugh Johnson, who runs an investment and advisory firm in Albany, N.Y.
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