Monday, December 31, 2012

Voice of America: US Lawmakers Attempt to Resolve Fiscal Stalemate

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
US Lawmakers Attempt to Resolve Fiscal Stalemate
Dec 31st 2012, 14:38

The U.S. is edging precipitously close to a "fiscal cliff" of sharp tax increases and spending cuts set for New Year's Day, even as the White House and congressional leaders try to broker a last-minute compromise. Lawmakers are reconvening Monday -- the last day they have to reach agreement to avert higher taxes for most American workers and mandated government spending cuts that would take effect as the calendar turns to 2013. Without a deal, analysts say the austerity measures ...

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