Article posted: 12/10/2012 4:16 PM

Experts: Recession worst ‘fiscal cliff’ outcome

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Illinois Gov. Pat Quinn heads into a meeting with legislative leaders to discuss a state pension overhaul at the Illinois State Capitol back in August. Experts who run numbers estimate a $1 billion cost to Illinois in lost federal revenue if President Barack Obama and Congress cannot reach a budget agreement and allow the economy to plunge off the so-called "fiscal cliff."

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Government experts who run the numbers estimate Illinois could lose $1 billion in federal revenue if President Barack Obama and Congress cannot reach a budget agreement and allow the economy to plunge