Obama Addresses Next Steps to Avoid Fiscal Cliff

After being re-elected, President Obama returned to Washington determined to avert a fiscal crisis before the end of the year when, if no action is taken by Congress, a sequestration would go into effect, automatically cutting budgets and raising taxes for all Americans. He addressed supporters from the East Room of the White House on Nov. 9, 2012.
Author: PBSNewsHour
Duration: 8:19



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Obama Addresses Next Steps to Avoid Fiscal Cliff