Hubbard: Good Chance Obama Puts U.S. Over Fiscal Cliff

The U.S. economy stands a good chance of facing legislated tax increases and spending cuts if President Barack Obama is re-elected next month, Glenn Hubbard, a senior economic adviser to Mitt Romney, said today.

“There is a good chance, if the president wins, we go over the cliff,” said Hubbard, who serves as dean of Columbia Business School.