Video: Carney: WH preparing for failure of "fiscal cliff" talks

Wednesday, 5 December 2012

At his daily press briefing, White House press secretary Jay Carney said that the Office of Management and Budget is preparing for the possibility of going over the fiscal cliff. He added, "This action should not be read...as a change in the administration's commitment to reach an agreement and avoid sequestration."

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U.S. Stocks Close Down Amid 'Fiscal Cliff' Talks
Source: IBTimes.com U.S. stocks finished slightly lower in a quiet session on Tuesday (December 4) as the back-and-forth wrangling over the "fiscal cliff" gave investors little reason to act. Trading volume was light as legislators continue to negotiate a deal to avoid a $600 billion (USD) package of tax hikes and...

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