Lame-duck Congress: What are the issues?

Published On: Nov 15 2012 10:17:04 AM EST   Updated On: Nov 15 2012 10:16:54 AM EST

The lame-duck Congress faces a long list of problems to solve by the end of the year.

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If no agreement is reached, a series of tax cuts will expire and huge automatic budget cuts go into effect on Jan. 1. The combined actions could cost taxpayers an estimated $500 billion alone next year.

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