The Coming Crisis: Obama says failure to reach fiscal deal would hurt markets

The Coming Crisis Welcome to Humanity's    ...Final Performance...

Obama says failure to reach fiscal deal would hurt markets Dec 30th 2012, 15:50 Financial markets would be affected adversely if U.S. lawmakers fail to agree on a "fiscal cliff" deal before Tuesday, President Barack Obama said in an interview broadcast on Sunday, while urging Congress to act quickly to extend tax cuts for middle-class Americans. Lawmakers are seeking a last-minute deal that would set aside $600 billion in tax increases and across-the-board government spending cuts that are set to start within days. If Congress does not make that happen, the first bill brought up in the new year would be to reduce taxes for middle-income families, Obama told NBC's "Meet the Press." http://www.reuters.com/article/2012/12/30/us-usa-fiscal-obama-idUSBRE8BT04S20121230

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