Sunday 30 December 2012

The Coming Crisis: Drama in Washington as fiscal cliff looms

The Coming Crisis
Welcome to Humanity's    ...Final Performance...
Drama in Washington as fiscal cliff looms
Dec 30th 2012, 18:08

Leaders in deeply polarized Washington groped Sunday for a stop-gap deal to avert a fiscal calamity due to strike within hours and could shock markets and spark global economic turmoil.

But even as major players raced the ebbing 2012 calendar to reach a pact to avoid the "fiscal cliff," but would fall short of a hoped-for long-term deficit cutting deal, a fierce game of political blame shifting was underway.

Democratic President Barack Obama, eyeing a short-term political victory, accused Republicans of causing the mess, saying they had refused to move on what he said were genuine offers of compromise from Democrats.

http://www.google.com/hostednews/afp/article/ALeqM5iDKqREiYsyb34k_uh0QtoxBbGAxg?docId=CNG.e4c35a9fa97d5084525d707c051fd65d.4e1

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