Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: United States fiscal cliff of 2012–2013 | Statement: [American Taxpayer Relief Act of 2012, context, United States fiscal cliff of 2012–2013]

Target entity: United States fiscal cliff of 2012–2013
Context triple: [American Taxpayer Relief Act of 2012, context, United States fiscal cliff of 2012–2013]

• A. 2013 United States federal government shutdown
  The 2013 United States federal government shutdown was a 16-day partial closure of federal operations triggered by a budget impasse in Congress, largely centered on disputes over funding the Affordable Care Act.
• B. United States debt ceiling
  The United States debt ceiling is a statutory limit set by Congress on the total amount of money the federal government is authorized to borrow to meet its existing legal obligations.
• C. Simpson–Bowles deficit reduction plan
  The Simpson–Bowles deficit reduction plan is a bipartisan U.S. fiscal reform proposal issued in 2010 that recommended spending cuts, tax reforms, and entitlement changes to reduce the federal budget deficit and stabilize the national debt.
• D. Bipartisan Budget Act of 2013
  The Bipartisan Budget Act of 2013 was a U.S. federal law that set discretionary spending levels and partially rolled back sequestration cuts through a budget compromise negotiated by Senator Patty Murray and Representative Paul Ryan.
• E. New York City fiscal crisis
  The New York City fiscal crisis was a mid-1970s financial emergency in which the city nearly went bankrupt, prompting drastic budget cuts, federal intervention, and long-lasting changes to urban governance and public services.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: United States fiscal cliff of 2012–2013
Triple: [American Taxpayer Relief Act of 2012, context, United States fiscal cliff of 2012–2013]

The United States fiscal cliff of 2012–2013 was a looming combination of expiring tax cuts and automatic spending reductions that threatened to significantly tighten fiscal policy and potentially trigger a recession unless Congress intervened.

Target entity: United States fiscal cliff of 2012–2013
Target entity description: The United States fiscal cliff of 2012–2013 was a looming combination of expiring tax cuts and automatic spending reductions that threatened to significantly tighten fiscal policy and potentially trigger a recession unless Congress intervened.

• A. 2013 United States federal government shutdown
  The 2013 United States federal government shutdown was a 16-day partial closure of federal operations triggered by a budget impasse in Congress, largely centered on disputes over funding the Affordable Care Act.
• B. United States debt ceiling
  The United States debt ceiling is a statutory limit set by Congress on the total amount of money the federal government is authorized to borrow to meet its existing legal obligations.
• C. Simpson–Bowles deficit reduction plan
  The Simpson–Bowles deficit reduction plan is a bipartisan U.S. fiscal reform proposal issued in 2010 that recommended spending cuts, tax reforms, and entitlement changes to reduce the federal budget deficit and stabilize the national debt.
• D. Bipartisan Budget Act of 2013
  The Bipartisan Budget Act of 2013 was a U.S. federal law that set discretionary spending levels and partially rolled back sequestration cuts through a budget compromise negotiated by Senator Patty Murray and Representative Paul Ryan.
• E. New York City fiscal crisis
  The New York City fiscal crisis was a mid-1970s financial emergency in which the city nearly went bankrupt, prompting drastic budget cuts, federal intervention, and long-lasting changes to urban governance and public services.
• F. None of above. chosen