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Tom Still

The fiscal cliff deal reached over the New Year's holiday in Washington wasn't the political grand bargain envisioned just after the November elections. In fact, it was more of a stopgap measure that kept federal income tax hikes from falling on middle-class taxpayers and which called a two-month timeout on automatic spending cuts.

Still to come: Debate over across-the-board federal spending cuts that were slated to take place Jan. 1, a decision on whether to raise the nation's debt limit, pursuit of comprehensive tax reform and hard questions about how to pay for major entitlement programs such as Medicare.

To read the full, original article click on this link: Tom Still: Fiscal cliff averted, but road ahead looks rocky