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Shoppers concerned about fiscal cliff - Live5News.com | Charleston, SC | News, Weather, Sports

Shoppers concerned about fiscal cliff

SAVANNAH, GA (WTOC) -

The Savannah Mall was busy with shoppers returning Christmas gifts Wednesday night and looking for bargains.

But some say they won't be spending too much because they are worried the U.S. might be falling off the fiscal cliff.

"I'm nervous about it and I'm frustrated that our leaders in Washington can't find a way to sit down and come to some agreement and put the politics aside," Marca Wilson said.

If no deal is reached by the end of the year, income taxes will go up and over 2 million people will lose their unemployment benefits.

Also, 110 billion dollars in spending cuts will hit federal agencies.

"I feel like they are out of touch and they are serving their own political party iniatives rather than the people as a whole. That is frustrating," Wilson said.

The new Congress will be sworn in on January 3rd and they could vote to cut taxes. Many say that is the most likely outcome if an agreement isn't reached before then.

Copyright 2012 WTOC. All rights reserved.

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