Negotiations that continued by a weekend dragged on until late on Monday, extinguishing any wish of a check creation it by both houses of Congress in time for a deadline of midnight final night.
Democratic and Republican lawmakers in a Senate, however, were pronounced to have concluded on a approach to isolate 98 per cent of Americans from taxation rises. But differences over a spending cuts set to come into force this week meant that negotiations dragged on in a top chamber. This led a orator for John Boehner, a orator of a House of Representatives, to contend there didn't seem to be adequate time to pull new legislation by final night. Although after reports suggested a Senate competence try a opinion before a midnight deadline, a agreement would still need
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Source:
http://www.news.ezonearticle.com/2012/12/31/us-poised-to-head-over-fiscal-cliff-but-deal-on-taxes-in-sight-says-obama/
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