Budget crisis talks move grudgingly towards fiscal cliff bringing power brokers to D.C.: A fiscal budget crisis could damage weakened US economy once again

As clock ticks, US lawmakers seek fiscal cliff solution

AFP
With the clock ticking toward a New Year’s time bomb of huge tax increases and spending cuts, US lawmakers rushed Saturday to keep America from tumbling off the so-called fiscal cliff. The stakes in the game of holiday-interrupting brinkmanship are huge. Economists agree on the $500 billion.

Three (thin) reasons why Congress could yet avoid the fiscal cliff

The Christian Science Monitor

With just three days to the fiscal cliff, it’s down to the Senate – which has not passed a budget in three years – to find a way out in time for a vote on New Year’s Eve. Yet, despite a culture of failure that has settled on Washington like an ice storm, there are 11th hour pressures.