Friday, 18 January 2013

House Republicans back away from fiscal clash with Obama

U.S. House Speaker Boehner and House Majority Leader Cantor speak to the media on the "fiscal cliff" in Washington WASHINGTON (Reuters) - Republicans in the House of Representatives backed away on Friday from a fiscal clash with President Barack Obama next month that could have risked a government default and chaos in financial markets, shifting to a new, less aggressive stance. Top Republican leaders, meeting in Williamsburg, Virginia, said they were prepared to allow the U.S. government to borrow enough money to keep it fully operating for the next three months without demanding immediate spending cuts from Obama. ...




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