POLITICIANS last night gave themselves a final chance to prevent the US from plunging off a "fiscal cliff" by setting up a late session in Congress a day before taxes are due to rise for most working Americans.
POLITICIANS last night gave themselves a final chance to prevent the US from plunging off a \"fiscal cliff\" by setting up a late session in Congress a day before taxes are due to rise for most working Americans.
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David Lawder and Alistair Bell WASHINGTON
Republican leaders in the House of Representatives told their members to be back in Washington from the Christmas holiday break on Sunday night in case they need to vote on budget measures.
That leaves the door open to a last-minute solution to avert big tax hikes due to begin on January 1 and deep, automatic government spending cuts set to begin on January 2 – together worth $600 billion – that could push the US back into recession.
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