Pronunciation: /ˈfɪskəl klɪf/
noun A combination of the noun 'fiscal' (related to government revenue and spending) and the noun 'cliff' (a steep drop or decline), used metaphorically to describe a sudden and severe financial crisis.
A1 I heard about the fiscal cliff on the news.
A2 The fiscal cliff could have a big impact on the economy.
B1 Many people are worried about the potential effects of the fiscal cliff.
B2 Experts are debating the best way to avoid going over the fiscal cliff.
C1 The government is working on a plan to prevent the country from falling off the fiscal cliff.
C2 The fiscal cliff negotiations are complex and involve many different factors.
formal The country faced a looming fiscal cliff as the deadline for budget negotiations approached.
informal I heard we might go over the fiscal cliff if they don't figure out a budget deal soon.
slang We're on track to drive off the fiscal cliff if Congress doesn't get its act together.
figurative Their reckless spending habits are leading them straight towards a fiscal cliff.
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