Fed Chairman Ben Bernanke warns about a so-called fiscal cliff the nation is facing on January 2. We take up the automatic budget cuts some think could lead to a new recession.

Related Links:

U.S News article on America's Upcoming Economic Train Wrecks: Tax Hikes, Budget Cuts

Politico article on A year later, blame game over automatic cuts

Bloomberg Businessweek article on White House to Exempt Military Personnel From Automatic Cuts

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