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In the news: Kraft nailed ‘fiscal cliff’ forecast

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When the local news media consulted their “fiscal cliff” experts in late December, some, including UW-Green Bay Prof. Emeritus Michael Kraft, said a deal was probably much closer than either side had led us to believe. Waiting until the last minute is political jockeying, Kraft told Fox 11’s Bill Miston in a Thursday, Dec. 27 interview. “This may go on for a few days,” Kraft said. “Yet meanwhile — behind the scenes — we don’t know what’s going on. We don’t know what conversations are taking place and what bargains are being struck — but I’m pretty sure there’s something going on.” Read Kraft’s comments.

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