Senate leaders work to avoid New Year's "fiscal cliff"

Dec 29, 2012 Full story: ca.reuters.com

Congressional negotiators burrowed into their Capitol offices on Saturday to see if they can stop the economy from falling off of a "fiscal cliff" in just three days when the biggest tax increases ever to hit Americans in one shot are scheduled to begin.

Aides to Senate Majority Leader Harry Reid, a Democrat, and Senate Republican leader Mitch McConnell were expected to work through the day on a possible compromise that would set aside $600 billion in tax increases and across-the-board government spending cuts that are set to kick in next week.

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steve taylor

Hanoi, Vietnam

#1 Dec 29, 2012
Dr. Bill_phd! 1776 US don't wanne pay tax for UK!! guessing 2013? it's over again!! ;-00000h, happy new YR from ABBA lyrics...
equote

Llano, TX

#2 Dec 29, 2012
"Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything."
(John Kenneth Galbraith)

Since: Feb 07

Whitman,Ma

#3 Dec 30, 2012
Obama doe not want any deal. He wants us to go over cliff so he can blame the Republicans. I cant wait to see people look at their pay checks in Jan and see their faces. Their paychecks are going look like they have malnutrition.

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