iBankCoin
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Pew Survey: Most Americans Believe Fiscal Cliff Deal Is Unlikely

“The public is skeptical President Barack Obama and congressional Republicans can reach a deal by the end of 2012 to avert the fiscal cliff, according to a new survey from Pew Research Center and The Washington Post.

Most Americans believe the automatic spending cuts and tax increases triggered by lack of a deal would have a mostly negative effect for both the broad economy (62 percent) and their own personal finances (60 percent).

The survey, conducted Nov. 8 through Nov. 11 among 1,000 adults, showed about half of those polled (51 percent) believe the two sides will not reach an agreement, while only 38 percent said they will. If no deal is reached, more would blame congressional Republicans than President Obama (53 percent vs. 29 percent, respectively).”

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