By Larry Richert

PITTSBURGH (NewsRadio 1020 KDKA) – We are bombarded with stories about the “fiscal cliff,” a term used to describe end of the year federal tax increases and budget cuts that will occur if Congress doesn’t act. However, do you really understand what the fiscal cliff is?

How will it affect you, your job, or your neighborhood?

KDKA AM’s Larry Richert and John Shumway talk to Kevin McQuillan of The McQuillan Group, a Pittsburgh based accounting firm, about how the fiscal cliff will affect you personally.

Did you know you’ll have less disposable income if the fiscal cliff happens, or that local businesses may spend less money for fear of losing it to the government?

More From CBS Pittsburgh

Get The All New CBS Local App
KDKA Weather App

Watch & Listen LIVE