WASHINGTON, DC - November 26, 2012 - U.S. Senator Bob Casey (D-PA), Chairman of the Joint Economic Committee (JEC), today announced that the JEC will hold a hearing entitled, "Fiscal Cliff: How to Protect the Middle Class, Sustain Long-Term Economic Growth, and Reduce the Federal Deficit" on December 6th in Washington, D.C.
"Republicans and Democrats need to come together to address the challenges of the so-called 'fiscal cliff'," Casey said. "We need to cut more spending but we need to do so in a smart way that keeps our economy growing. This hearing will allow members from both sides of the aisle to hear from top economists on the best policies to ensure we strike a balanced approach in the best interest of our nation."
The hearing will take place on Thursday, December 6, at 9:30 a.m. in room 216 of the Hart Senate Office Building andwill focus on the effects that the fiscal cliff could have on the U.S. economy and middle income families as Congress confronts policy decisions necessitated by the Budget Control Act of 2011. Senator Casey will preside.
Witnesses will include Dr. Mark M. Zandi, Chief Economist at Moody's Analytics and Dr. Kevin A. Hassett, Senior Fellow and Director of Economic Policy at American Enterprise Institute.