Federal Reserve chairman Ben Bernanke used the term “fiscal cliff,” it quickly became the newest Washington buzzphrase. As the deadline to avert the cliff nears, it has overtaken the European debt crisis as the most talked-about story in the financial media. The fiscal cliff refers to the enactment of a number of laws that would, if not changed before Jan. 1, 2013,
Bank of America announced it would “not process transactions of any type that we have reason to believe are intended for Wikileaks,” citing “Wikileaks might be engaged in activities … inconsistent with our internal policies for processing payments”. WikiLeaks responded in a tweet by encouraging their supporters who were BoA customer to close their accounts..