Voice of America: Obama, House Speaker Take Positions on Budget Before Negotiations

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

Obama, House Speaker Take Positions on Budget Before Negotiations Nov 10th 2012, 02:34 After a contentious election, another political battle is brewing in Washington, this one with potentially serious consequences for the U.S. economy. Both sides staked out their positions Friday on what to do about the so-called "fiscal cliff" - a combination of tax hikes and spending cuts that would automatically take place at the end of the year. Economists warn failure by U.S. lawmakers could send the economy into another tailspin. Fresh from his election victory, President ... Media files: 19A4E030-BD98-46D6-A1F8-0E1C2A6CDACE_cx0_cy0_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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