General Session #3: Debt Ceiling/Fiscal Cliff Update: Implications of Where we are Today

Monday, February 4, 2013 -
3:15pm to 4:15pm

Session type:

Robert Pozen, financial expert and author of the new book, Extreme Productivity, will discuss how the U.S. Congress fixed (or did not fix) the looming “fiscal cliff” by the time of the February conference. “Fiscal cliff” describes the potential crisis that the country will face in January 2013 when large budget cuts will be made automatically and the Bush tax cuts will expire automatically. If Congress does not act to avoid the fiscal cliff, the higher tax rates and big spending reductions would have a hugely adverse impact on investment consultants, wealth managers, and their clients. But even if Congress adopts some measures, those changes will ripple through the financial service industry like a tsunami.