World Week Ahead D-day on fiscal cliff

Sun, 30 Dec 2012

By Margreet Dietz Dec. 31 (BusinessDesk) – American budget talks have come down to the wire. The largest stumbling block remains disagreement between Democrats and Republicans over the annual income threshold that will separate those who will see an extension in tax cuts and those who will not. Congress has until Monday midnight to reach an agreement that will avoid tax increases and spending cuts. "I was modestly optimistic yesterday, but we don't yet see an agreement," President Barack Obama told NBC's Meet the Press in an interview...

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