Thursday, 27 December 2012

Washington stirs to prevent "fiscal cliff" as Obama heads home

U.S. President Barack Obama and first lady Michelle Obama visit military personnel and their families at Anderson Hall base chow hall at the Marine Corps Base Hawaii in Kaneohe Bay WASHINGTON/HONOLULU (Reuters) - Efforts to prevent the U.S. economy from going over a "fiscal cliff" stirred back to life on Wednesday with less than a week to go before potentially disastrous tax hikes and spending cuts kick in at the New Year. In a sign that there may be a way through deadlock in Congress, Republican House of Representatives Speaker John Boehner urged the Democrat-controlled Senate to act to pull back from the cliff and offered to at least consider any bill the upper chamber produced. ...




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