Dominic Chu described what Wall Street investors were doing with their money in advance of the “fiscal cliff,” and he responded to telephone calls and electronic communications. Other topics included market reaction to fiscal cliff negotiations between Congress and the White Houses, and the impact of the 2012 presidential election on markets. He responded to telephone calls and electronic communications. 
“Fiscal cliff” referred to the impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. "Sequestration," a legal procedure in which automatic budget cuts are triggered, was part of the Budget Control Act of 2011.