Bigger fights loom after "fiscal cliff" deal

The U.S. economy may have avoided falling off the fiscal cliff into a new recession, but it is still going to tumble down a rocky fiscal escarpment -- and that's not so good either. The deal struck between the White House andThe deal to which the House gave final approval late Tuesday will head off the most severe effects of the “fiscal cliff” by averting a dangerous dose of austerity but still leaves the economy vulnerable to both immediate and more distant threats. TheHere is his take on the fiscal cliff deal: "We've no great disagreement with the legislation as it stands except for the fact that this is an overtly anti- marriage decision and therefore manifestly discriminatory on its face and there isSchwarzman ended up apologizing for the inappropriate analogy, but on the morning after the House of Representatives voted for a Senate-passed deal to avert the fiscal cliff, it increasingly looks like hedge fund and private equity managers have wonHere is his take on the fiscal cliff deal: "We've no great disagreement with the legislation as it stands except for the fact that this is an overtly anti- marriage decision and therefore manifestly discriminatory on its face and there is
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