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The Boston Globe

Business

Mutual Funds

Even with fiscal cliff concerns, balance is key to investing

A frightful scenario could play out in a couple months unless a lame-duck Congress and the White House are able to resolve their differences on taxes and spending.

If they don’t, Bush-era tax cuts will expire Jan. 1, and automatic federal spending cuts will be phased in. Such a combination could doom the fragile economic recovery and send the stock market into a tailspin.

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