"Citigroup CEO Vikram Pandit was in D.C. last month for meetings with top leadership on BOTH SIDES. Citigroup has also been circulating a research report produced by its analysts arguing that going off the fiscal cliff would result in a drag on the economy of $800 billion, or 5 percent of gross domestic product, in 2013 and produce an unemployment rate above 8 percent in three years. Alternatively, the Citi analysts argue that a “grand bargain” that avoids the cliff and forces action next year on tax and entitlement reform could lead to a 3 to 4 percent growth rate and 6 percent unemployment rate in three years."
How reactive is BigLaw hiring? If we get a deal, will hiring pick up in anticipation of economic activity, or will it only pick up after such activity comes to pass?
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