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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.

Fiscal Cliff - Unemployment1
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By one estimate, more than 2 million claimants will lose their benefits by January.

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