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Fiscal deal stalls as clock ticks to deadline

U.S. Senate Minority Leader Mitch McConnell (R-KY) leaves the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert

U.S. Senate Minority Leader Mitch McConnell (R-KY) leaves the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and...more

U.S. Senate Minority Leader Mitch McConnell (R-KY) leaves the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert
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U.S. Senate Majority Leader Harry Reid (D-NV) speaks with the media as he leaves the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert

U.S. Senate Majority Leader Harry Reid (D-NV) speaks with the media as he leaves the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on...more

U.S. Senate Majority Leader Harry Reid (D-NV) speaks with the media as he leaves the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert
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U.S. Senate Majority Leader Harry Reid (D-NV) speaks with the media as he leaves the Senate Chamber at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert

U.S. Senate Majority Leader Harry Reid (D-NV) speaks with the media as he leaves the Senate Chamber at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats...more

U.S. Senate Majority Leader Harry Reid (D-NV) speaks with the media as he leaves the Senate Chamber at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert
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U.S. Senate Minority Leader Mitch McConnell (R-KY) walks to the Senate Chamber at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert

U.S. Senate Minority Leader Mitch McConnell (R-KY) walks to the Senate Chamber at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans...more

U.S. Senate Minority Leader Mitch McConnell (R-KY) walks to the Senate Chamber at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert
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U.S. Senators John McCain (R-AZ) (L) and Jon Kyl (R-AZ) leave the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert

U.S. Senators John McCain (R-AZ) (L) and Jon Kyl (R-AZ) leave the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and...more

U.S. Senators John McCain (R-AZ) (L) and Jon Kyl (R-AZ) leave the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert
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U.S. Senators Orrin Hatch (R-UT) and Bob Corker (R-TN)(R) leave the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert

U.S. Senators Orrin Hatch (R-UT) and Bob Corker (R-TN)(R) leave the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats...more

U.S. Senators Orrin Hatch (R-UT) and Bob Corker (R-TN)(R) leave the Senate Chamber for the caucus at the U.S. Capitol in Washington December 30, 2012. Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day. REUTERS/Mary Calvert
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U.S. Senate Minority Leader Mitch McConnell (R-KY) is shown in this C-Span video footage as he addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. The chances of a deal to prevent the U.S. economy from tumbling over a "fiscal cliff" remained uncertain on Sunday as lawmakers haggled over how to prevent taxes for all Americans from rising on New Year's Day. REUTERS/C-SPAN/Handout

U.S. Senate Minority Leader Mitch McConnell (R-KY) is shown in this C-Span video footage as he addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. The chances of a deal to prevent the U.S. economy from...more

U.S. Senate Minority Leader Mitch McConnell (R-KY) is shown in this C-Span video footage as he addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. The chances of a deal to prevent the U.S. economy from tumbling over a "fiscal cliff" remained uncertain on Sunday as lawmakers haggled over how to prevent taxes for all Americans from rising on New Year's Day. REUTERS/C-SPAN/Handout
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U.S. Senate Majority Leader Harry Reid (D-NV) is shown in this C-Span video footage as he addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. Hopes rose on Sunday that U.S. lawmakers could reach at least a limited deal to prevent the still-recovering economy from tumbling off a "fiscal cliff" at the New Year, sending the country into another recession. REUTERS/C-SPAN/Handout

U.S. Senate Majority Leader Harry Reid (D-NV) is shown in this C-Span video footage as he addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. Hopes rose on Sunday that U.S. lawmakers could reach at least a...more

U.S. Senate Majority Leader Harry Reid (D-NV) is shown in this C-Span video footage as he addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. Hopes rose on Sunday that U.S. lawmakers could reach at least a limited deal to prevent the still-recovering economy from tumbling off a "fiscal cliff" at the New Year, sending the country into another recession. REUTERS/C-SPAN/Handout
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U.S. Senator Barbara Boxer (D-CA) is shown in this C-Span video footage as she addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. Hopes rose on Sunday that lawmakers could reach at least a limited deal to prevent the still-recovering economy from tumbling off a "fiscal cliff" at the New Year, sending the country into another recession. REUTERS/C-SPAN/Handout

U.S. Senator Barbara Boxer (D-CA) is shown in this C-Span video footage as she addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. Hopes rose on Sunday that lawmakers could reach at least a limited deal to...more

U.S. Senator Barbara Boxer (D-CA) is shown in this C-Span video footage as she addresses the Senate during an unusual session on Capitol Hill in Washington, December 30, 2012. Hopes rose on Sunday that lawmakers could reach at least a limited deal to prevent the still-recovering economy from tumbling off a "fiscal cliff" at the New Year, sending the country into another recession. REUTERS/C-SPAN/Handout
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U.S. Senator Dick Durbin (D-IL) (R) speaks as U.S. Senator Tom Coburn (R-OK) looks on as they discuss the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout

U.S. Senator Dick Durbin (D-IL) (R) speaks as U.S. Senator Tom Coburn (R-OK) looks on as they discuss the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout

U.S. Senator Dick Durbin (D-IL) (R) speaks as U.S. Senator Tom Coburn (R-OK) looks on as they discuss the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout
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U.S. Senator Dick Durbin (D-IL) discusses the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout

U.S. Senator Dick Durbin (D-IL) discusses the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout

U.S. Senator Dick Durbin (D-IL) discusses the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout
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U.S. Senator Tom Coburn (R-OK) discusses the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout

U.S. Senator Tom Coburn (R-OK) discusses the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout

U.S. Senator Tom Coburn (R-OK) discusses the "fiscal cliff" issue on "Face the Nation" in Washington, December 30, 2012. REUTERS/Chris Usher/CBS News/Handout
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Jon Meacham (L), executive editor of Random House, and David Brooks, columnist of The New York Times, appear on "Meet the Press" in Washington, December 30, 2012. REUTERS/William B. Plowman/NBC/NBC NewsWire/Handout

Jon Meacham (L), executive editor of Random House, and David Brooks, columnist of The New York Times, appear on "Meet the Press" in Washington, December 30, 2012. REUTERS/William B. Plowman/NBC/NBC NewsWire/Handout

Jon Meacham (L), executive editor of Random House, and David Brooks, columnist of The New York Times, appear on "Meet the Press" in Washington, December 30, 2012. REUTERS/William B. Plowman/NBC/NBC NewsWire/Handout
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Chuck Todd (L), political director of NBC News, and Tom Brokaw, NBC News special correspondent, appear on "Meet the Press" in Washington, December 30, 2012. REUTERS/William B. Plowman/NBC/NBC NewsWire/Handout

Chuck Todd (L), political director of NBC News, and Tom Brokaw, NBC News special correspondent, appear on "Meet the Press" in Washington, December 30, 2012. REUTERS/William B. Plowman/NBC/NBC NewsWire/Handout

Chuck Todd (L), political director of NBC News, and Tom Brokaw, NBC News special correspondent, appear on "Meet the Press" in Washington, December 30, 2012. REUTERS/William B. Plowman/NBC/NBC NewsWire/Handout
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