# Prof. Joe Foudy on the potential effects of the fiscal cliff

1 Faculty News December 3, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_030509.jpg?itok=lWhs8PD7)>

Excerpt from the [New York Daily News](http://www.nydailynews.com/news/national/u-s-driven-fiscal-cliff-article-1.1212823) -- "'Suddenly everyone is going to see their paycheck go down and that’s going to slow consumer spending,' said associate professor of economics [Joe Foudy](http://www.stern.nyu.edu/faculty/bio/joseph-foudy), at the New York University’s Stern School of Business."

[Read more](http://www.nydailynews.com/news/national/u-s-driven-fiscal-cliff-article-1.1212823)