The double whammy of tax hikes and spending cuts scheduled to hit at year's end, known as the "fiscal cliff," has already wiped out a million jobs, according to a report scheduled to be released Friday by the National Association of Manufacturers. The group says the economy will be hit far harder if Congress fails to avert the deadline, which will trigger $400 billion in tax hikes and $100 billion in automatic cuts to defense and social spending. That, the report says, would destroy nearly 6 million jobs through 2014 and send unemployment to almost 12 percent.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
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- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
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- An open letter to #brands about Gamergate
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- What the Middle Ages can tell us about the GOP's big charity myth
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- The real story behind Deliver Us From Evil
- 10 soldiers welcomed home by very happy dogs
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