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Obama hits out as fiscal cliff drop beckons

BARACK Obama has blamed opposition Republicans for the slow progress on reaching a deal that would prevent the US from going over a "fiscal cliff" and into an era of massive budget cuts and tax rises.

The US President last night said their "overriding theme" was to protect tax breaks for the rich, as a deadline for a compromise set by both leaders of the Senate slipped past without an agreement.

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Finance

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