Tuesday, November 13, 2012

Voice of America: As US Congress Reconvenes, Budget Challenges Loom

Voice of America
Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries
As US Congress Reconvenes, Budget Challenges Loom
Nov 13th 2012, 11:19

U.S. lawmakers resume their work Tuesday facing the major task of finding an agreement on how to deal with $600 billion in automatic tax increases and spending cuts set to take effect January 1. ​​Congress and President Barack Obama have seven weeks to either delay the mandated package of tax hikes and cuts to defense and domestic programs, or to find an elusive compromise to avoid the so-called "fiscal cliff". Obama is set to host Democratic and Republican leaders for a meeting ...

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