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Negotiations over the so-called fiscal cliff are stalled as President Barack Obama and Republicans trade offers on ways to avoid more than $600 billion in U.S. spending cuts and tax increases for 2013 that will start to take effect in January if Congress doesn’t act.

Photographer: Andrew Harrer/Bloomberg

Negotiations over the so-called fiscal cliff are stalled as President Barack Obama and Republicans trade offers on ways to avoid more than $600 billion in U.S. spending cuts and tax increases for 2013 that will start to take effect in January if Congress doesn’t act.
December 04, 2012
Article
Fiscal Cliff Talks at Stalemate Over Dueling Tax Plans
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