Coming soon: The fiscal cliff to end all fiscal cliffs

posted by The INSIDER - 

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If President Donald Trump and the Republican Congress think they've been under pressure to produce lately, just wait a few months.

Over the next several months, Republicans will have to figure out how to cut deals with Democrats to avoid a default on the national debt and avert a government shutdown, among several other must-pass items. But the negotiations will unfold against the acrimony of the GOP's Obamacare repeal effort and a bruising fight over tax reform, none of which is likely to inspire trust between the two sides.

Though Congress avoided a government closure this month — a major bipartisan legislative accomplishment for an institution otherwise devoid of any this year — a quintet of critical deadlines in the early fall will force either a furious round of deal-making or brinkmanship that could have dire effects on the economy. It will be a major test of Trump and the all-GOP Congress' ability to govern, who are bound to be blamed for any problems given their dominant political position.

Read the full story at Politico.com

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