December 28th, 2012
07:57 PM ET

Bracing for impact: fiscal cliff fears already hurting economy

Our fourth story OutFront: bracing for impact.

Fears of falling off the fiscal cliff are taking a big toll on the financial markets. Stocks closed lower for the fifth straight day, ending the week down nearly 2%. The Dow suffered its steepest loss since November 14th?

Will the president's scaled-down deal stem the bleeding? OutFront tonight are Daniel Altman, adjunct associate professor of economics at the New York University Stern School of Business, and Stephen Moore, Senior Economics Writer for the Wall Street Journal Editorial Page.

Filed under: Economy • Fiscal Cliff
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