A television feed on the floor of the New York Stock Exchange shows Pres. Barack Obama, left, and his daughter, Malia, the day after he was re-elected, Wednesday, Nov. 7, 2012 in New York. With President Barack Obama elected to another term, U.S. investors dumped stocks Wednesday and turned their focus to a world of problems, including a "fiscal cliff" of tax increases and spending cuts at home and a deepening recession in Europe. (AP Photo/Henny Ray Abrams)
Q. What’s changed in our economic outlook as a result of the presidential and congressional elections? A. Nothing. We have just edged a lot closer to the “fiscal cliff,” meaning we are coming closer to the possibility of tax increases and spending cuts that could …
