U.S. President Barack Obama has called on Congress to meet the January 1 deadline to avert a looming set of tax hikes and spending cuts - the so-called fiscal cliff - that threaten to plunge the U.S. economy back into recession. Obama, in his weekly Saturday address, said he has been working with Democrats and Republicans on a plan that would cut spending in a responsible way and asks the wealthiest Americans to pay "a little more." But, Obama said some congressional ...
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