“This is really going out on a limb,” she said.
Lawmakers will find a solution to avoid taking the country over the so-called “fiscal cliff” — a combination of expiring tax cuts and deep spending cuts that experts say could have devastating effects on the economy.
Whatever solution lawmakers reach is likely to include both spending cuts and tax increases for at least some Americans, Woodruff said.
Mostly, Woodruff said, she hopes to see Democrats and Republicans begin to work together for the good of the country. The country faces dire fiscal and social problems in the weeks and months ahead, she said, and political posturing and inflexibility don't solve any of them.
“I don't know that they ever did,” she said. “But that's been the coin of the realm for the past several years.”
If you owe under $729k you may qualify for 3.05% APR Govt Refi Plans.