Obama And Congress Have 'Fiscal Cliff' To Deal With

Obama And Congress Have 'Fiscal Cliff' To Deal With

Gregg Maloney of Barclays works on the floor of the New York Stock Exchange the day after Pres. Barack Obama was re-elected, Wednesday, Nov. 7, 2012 in New York.With President Barack Obama elected to another term, U.S. investors dumped stocks Wednesday and turned their focus to a world of problems, including a "fiscal cliff" of tax increases and spending cuts at home and a deepening recession in Europe. (AP Photo/Henny Ray Abrams)

Newly re-elected President Obama gets back to work today. ABC News White House Correspondent says he has a "fiscal cliff" to deal with.