A monthly index that seeks to measure business confidence in Massachusetts fell 4.3 points in November as local employers fretted about the so-called fiscal cliff, a combination of steep tax increases and deep budget cuts that will go into effect unless President Obama and Congress can devise an alternative plan. The index, which uses a 100-point scale, posted a reading of 46.8 for November, down 4.3 from a reading of 51.1 in October; the index had a reading of 50.1 in November 2011.
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