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World Service,03 Oct 2012,18 mins

Peering over the fiscal cliff

Business Daily

Available for over a year

In the classic movie Thelma and Louise, the two heroines end up driving their bright red Ford Thunderbird convertible into the Grand Canyon.... Which is pretty much what America is set to do with its entire economy. Today we're peering over over the edge of the dizzying fiscal cliff the US is rapidly approaching to discover what it will mean for America and the world. We've got a report from the 麻豆社 Economics Editor, Stephanie Flanders, and Justin Rowlatt interviews the former Congressman and guest scholar at the Brookings Institute, Bill Frenzel. Plus: we may all want to know what the future holds, but the lesson from the past is that we're very bad at doing so.

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