The fiscal cliff | American civics | US government and civics | Khan Academy

Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now:  https://www.khanacademy.org/humanitie...

The fiscal cliff refers to a United States federal budget crisis that occurred on January 1, 2013. At that time, both federal spending would be reduced and tax cuts would expire, which experts feared would harm the already-fragile US economy by taking a great deal of money out of circulation. Congress passed a budget compromise within 24 hours of the "fiscal cliff," but the compromise only delayed dealing with the issue, which reemerged with the debt-ceiling crisis of October 2013. Created by Sal Khan.

View more lessons or practice this subject at https://www.khanacademy.org/humanitie...

Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today!

Donate here: https://www.khanacademy.org/donate?ut...

Volunteer here: https://www.khanacademy.org/contribut...