''The White House and Congress appear to be making little progress in
their negotiations to avert the so-called "fiscal cliff" the country is
set to face in January as a result of scheduled, automatic spending cuts
coupled with the expiration of lower tax rates.
For state and local governments, already facing their own budgetary
challenges, the $1.2 trillion in cuts threatens to exacerbate their own
struggles with revenue in the wake of the recession.''