With no deal and only hours to go, U.S. economy heads toward fiscal cliff

Posted on AllSides December 31st, 2012
From The Left

With only hours left Monday to avert what economists predict will be a one-two punch to the U.S. economy, Senate Democrats and Republicans were trying to negotiate a last-minute deal aimed at heading off a year-end combination of spending cuts and tax increases that could trigger a new recession.

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http://www.cnn.com/2012/12/31/politics/fiscal-cliff/index.html

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