Fiscal cliff talks failing as economy heads towards self inflicted political wounds – Fiscal Cliff: these idiots share blame for economic turbulence here

‘Serious differences’ in US fiscal stand-off

AFP

The United States economy was cruising towards the disaster of the looming “fiscal cliff” on Wednesday as President Barack Obama’s Republican opponents warned a budget deal was still far off. The newly re-elected White House chief is locked in a stand-off with lawmakers over a budget deal. Could the US be edging closer to a deal on solving its looming debt crisis? President Barack Obama and his Republican foes have swapped new proposals on how to avoid the fiscal cliff.