In the Balance takes on looming economic threats and financial deadlines. Manuela Saragosa's guests ride right up to the edge of America's fiscal cliff and peer down into the abyss. What's at stake for the rest of us? And is this a deadline that will just keep coming back? Plus could Italy push the eurozone's debt crisis back into first gear? And why it matters from Nigeria to China. And Colm O'Regan reflects on whether a deadline is always what it seems. Manuela is joined by Lorenzo Bini Smaghi, an economist and former member of the board of the European Central Bank; Paola Subacchi of Chatham House, the London-based international research institute and Peter Boone, of the Centre for Economic Performance at the London School of Economics.