Deal or No Deal, U.S. Feels Pain

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Global markets and U.S. businesses and taxpayers are cracking their collective knuckles to see what or if a deal on the 'fiscal cliff' emerges from Washington. What politicians agree to by December 31st - or don't - about expiring tax laws and automatic spending cuts will impact the economy. The only question: will it be a mild bruising or a full on body blow? Taking a look at three broad scenarios: