After the Fiscal Cliff, Challenges to Economic Growth Remain

But the deal inspires confidence of cooperation going forward.

The Capitol dome is seen on Capitol Hill in Washington, Tuesday, Dec. 11, 2012, as Congress works on avoiding the fiscal cliff.
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Both Sherman and Kirchenbauer say they believe Washington has finally provided guidance on what national policy will be over the next four years. While it's not yet clear how the Affordable Care Act or the Dodd-Frank Wall Street Reform and Consumer Protection Act will change regulations, the tax code is now clearly defined, removing an enormous amount of uncertainty from the market.

"The best way to fix these problems is to grow our way out of it. The government is creating the roadmap for us to potentially follow," says Sherman. "It will be interesting to see if they can adjust the course of spending and entitlements, but the roadmap is now out there. The government had laid the blueprint to let the private sector drive [economic growth.]"