Whew! An exhausted nation finally witnessed an agreement to avoid the fiscal cliff. As reported in From NASCAR to rum, 10 weird parts of the ‘fiscal cliff’ deal, we, or I should say special interests, got even more than we thought. Even though the Dow rose 308 points on Wednesday, Moody’s wasn’t impressed. Moody’s Anticipates Further US Fiscal Action Following “Fiscal Cliff” Deal.
Has your law firm thought about what will happen in the next 90 days? How will your clients and how will your practice be impacted if the debt ceiling is not increased? Will the impact be any different if it is increased and spending cuts are put in place? Will the impact be any different if it is increased and no spending cuts are put in place?
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