Welcome to Capital Account. US President Barack Obama announced that he will call for 1.6 trillion dollars in additional tax revenue when he enters Fiscal Cliff budget negotiations with congressional leaders on Friday. The 1.6 trillion dollars in revenue is double the amount discussed with GOP leaders during the summer of 2011. Meanwhile the Fiscal Cliff has surpassed the Eurozone crisis as the top concern for business leaders: 73 percent of participants surveyed at a WSJ CEO conference said their primary concern was the Fiscal Cliff, while only 12 percent said their top fear was European turmoil. We talk to Chris Whalen, senior managing director of Tangent Capital Partners, about the impending economic threats.