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Americans have become warier as Washington nears the end of the year without an agreement to forestall higher taxes and automatic spending cuts -- the so-called fiscal cliff. Last month, retailers from Macy’s Inc. to Target Corp. posted same-store sales that trailed analysts’ estimates.

Photographer: David Paul Morris/Bloomberg

Americans have become warier as Washington nears the end of the year without an agreement to forestall higher taxes and automatic spending cuts -- the so-called fiscal cliff. Last month, retailers from Macy’s Inc. to Target Corp. posted same-store sales that trailed analysts’ estimates.
December 24, 2012
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