Saturday, 29 December 2012

The Coming Crisis: US Senate leaders work to avoid New Year's 'fiscal cliff'

The Coming Crisis
Welcome to Humanity's    ...Final Performance...
US Senate leaders work to avoid New Year's 'fiscal cliff'
Dec 29th 2012, 19:07

Congressional negotiators burrowed into their Capitol offices on Saturday to see if they can stop the U.S. economy from falling off of a "fiscal cliff" in just three days when the biggest tax increases ever to hit Americans in one shot are scheduled to begin.

Aides to Senate Majority Leader Harry Reid, a Democrat, and Senate Republican leader Mitch McConnell were expected to work through the day on a possible compromise that would set aside $600 billion in tax increases and across-the-board government spending cuts that are set to kick in next week.

http://www.reuters.com/article/2012/12/29/usa-fiscal-idUSL1E8NT11X20121229

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