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Fiscal Deal Stalls As Clock Ticks To Deadline


Ron Burgundy
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U.S. Senate Minority Leader McConnell leaves the Senate Chamber for the caucus at the U.S. Capitol in WashingtonWASHINGTON (Reuters) - Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. One hour before they had hoped to present a plan, Democratic and Republican Senate leaders said they were still unable to reach a compromise that would stop the automatic tax hikes and spending cuts that could push the U.S. economy back into recession. ...




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