30 July 2013 Last updated at 00:58

Who first called it a 'fiscal cliff'?Sign for cliff

The phrase is now part of the American lexicon, to describe a so-called economic catastrophe looming when tax cuts expire and spending cuts kick in. But where did the term come from and is it a good metaphor?


Our Experts

Robert Peston, economics editor Article written by Robert Peston Robert Peston Economics editor

How Scotland can avoid a credit crunch

Bankers tell me that George Osborne, Mark Carney and Alex Salmond can ward off a serious credit crunch in Scotland if Scots vote for independence

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Stephanie Flanders, Economics editor Article written by Stephanie Flanders Stephanie Flanders Former economics editor

So it's goodbye from me

After 11 years at the BBC, I'm leaving for a new role in the City.

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Expert Views

  • Paul MasonPaul Mason

    The economics editor of Newsnight gives his take on the economic turmoil


  • Gavin HewittGavin Hewitt

    Views and analysis from the BBC's europe editor


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