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Obama edges away from the cliff with new offer

Tuesday, December 18, 2012 - 01:07

A new counteroffer from President Obama to House Speaker Boehner renews hopes of a ''fiscal cliff'' deal before the end of the year. The proposal includes more spending cuts and a smaller demand for new tax revenues, while increasing the income threshold for paying higher taxes to $400,000 per year.(December 17, 2012)

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Obama edges away from the cliff with new offer

Tuesday, December 18, 2012 - 01:07