Wednesday, December 26, 2012

Voice of America: Days Remain before US Steps Off 'Fiscal Cliff'

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
Days Remain before US Steps Off 'Fiscal Cliff'
Dec 26th 2012, 08:57

Less than a week remains before a still-recovering U.S. economy confronts a draconian austerity regime of automatic, across-the-board tax increases and deep cuts to federal spending.  Hopes of averting the so-called "fiscal cliff" by January 1 are dimming with each passing day. Call it Washington's version of Mission Impossible. The challenge?  A politically-divided and chronically-gridlocked Congress has just days to forge a deficit reduction package acceptable to legislators of ...

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