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December 14, 2012


Fiscal Cliff Talks Stalled

Reuters reports that negotiations on averting the "fiscal cliff" are at an apparent impasse.

The AP notes that not getting a deal before December 31 "would immediately change the political dynamics, making it easier for many lawmakers - especially Republicans - to agree to a second-chance compromise in the new year."

"This scenario strikes a good number of Washington insiders as irresponsible and improbable - who knows how the markets will react? But others argue it will be easier to round up the congressional votes needed for a big compromise if the deadline passes and lawmakers rush back to Washington next month under a starkly new political reality."

Financial Times: "No deal" tax stance suggests many Republicans are willing to go over the fiscal cliff.












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