With tax cuts galore expiring at the end of the year, and steep cuts in both defense spending and discretionary spending on the horizon, Democrats and Republicans in Washington are doing a complicated dance at the edge of the so-called fiscal cliff.

Now that the elections are finally over, there was supposed to be more clarity about exactly what is going to happen with the tax cuts so there could be more certainty for next year. But the posturing is apparently going to continue, as the post-election makeup of the administration and Congress will change remarkably little in 2013.

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