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December 30, 2012


Congress Peers Over the Fiscal Cliff

"Senate negotiations to craft a bipartisan budget deal proceeded in chaotic fits and starts Sunday, raising new questions about whether Congress would be able to steer the country away from the fiscal cliff," the Wall Street Journal reports.

"The center of gravity had shifted by day's end after talks between Senate Majority Leader Harry Reid (D-NV) and Senate Minority Leader Mitch McConnell (R-KY) reached an impasse. Mr. McConnell instead struck up talks with Vice President Joe Biden, a former Senate colleague with whom he has worked on bipartisan budget deals in the past. The two men planned to talk by phone into the night... No details of their discussions were immediately available."

Roll Call: "Efforts in the Senate to cut a last-minute bipartisan deal to avoid the fiscal cliff's tax increases and spending cuts continued Sunday evening with little sign of an imminent breakthrough."












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