► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Barack Obama has won a second term in the White House, but there are $600bn of spending cuts and tax rises looming at the end of the year. Michael Hampden-Turner, macro-strategist at Citi outlines to Alphaville's Lisa Pollack market worries that US lawmakers could prefer to go over the so-called fiscal cliff rather than cut a deal.<br /><br />Related Articles:<br />http://www.ft.com/cms/s/0/4bf38476-285a-11e2-afd2-00144feabdc0.html<br />http://www.ft.com/intl/cms/s/0/7b984036-28a0-11e2-9591-00144feabdc0.html<br /><br />For more on the 2012 US Presidential Election visit:<br />http://www.ft.com/intl/indepth/us-presidential-election-2012
