What is the 'fiscal cliff?'
POSTED: 08:50 AM PST Nov 09, 2012
UPDATED: 05:28 AM PST Dec 31, 2012
Confused by all this talk of a "fiscal cliff" and what it means to you? As lawmakers in Washington try to beat tonight's deadline, here are some answers.
Shannon Stapleton/Reuters
Unemployment Benefits Extension -- The federal unemployment benefits extension expires. That means workers who lose their jobs after July 1, 2012, will only receive up to 26 weeks in state unemployment benefits, down from as many as 99 weeks that had been available until recently.
