Senate leaders to make last-ditch “fiscal cliff” effort
WASHINGTON (Reuters) – President Barack Obama and U. S. congressional leaders agreed on Friday to make a final effort to prevent the United States from going over the "fiscal cliff," setting off intense bargaining over Americans’ tax rates as a New Year’s Eve deadline looms. With only days left to avoid steep tax hikes and spending cuts that could cause a recession, two Senate veterans will try to forge a deal that has eluded the White House and Congress for months. Obama said he was "modestly optimistic" an agreement could be found. . . .
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