Politics America's Impending Budget Cuts WTTW News | August 2, 2012, 11:30 am Fed Chairman Ben Bernanke warns about a so-called fiscal cliff the nation is facing on January 2. We take up the automatic budget cuts some think could lead to a new recession. Thanks to our sponsors: View all sponsors Thanks to our sponsors: View all sponsors Related Links U.S News article on America's Upcoming Economic Train Wrecks: Tax Hikes, Budget Cuts Politico article on A year later, blame game over automatic cuts Bloomberg Businessweek article on White House to Exempt Military Personnel From Automatic Cuts More on Edward Stuart More on Michael Miller Tags America Edward Stuart Michael Miller Related Stories The Quiet Revolution in American Healthcare "One Summer: America, 1927" Sign up for our morning newsletter to get all of our stories delivered to your mailbox each weekday. View the discussion thread.