House Speaker John Boehner, seen last week, discusses the looming fiscal cliff. Brendan Hoffman/Getty Images hide caption

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A Marine Corp F-35B Joint Strike Fighter lands at Patuxent Naval Air Station in Maryland in 2011. Analysts say that if mandatory Pentagon budget cuts are imposed next year, fewer new planes could ultimately be ordered. Cliff Owen/AP hide caption

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The Social Security tax rate is scheduled to revert to 6.2 percent next year, up from the temporary reduction — to 4.2 percent on an employee's first $110,000 in wages — which has been in effect since January 2011. iStockphoto.com hide caption

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