A stand-off persists between the Obama administration and congressional Republicans on a deficit reduction plan to replace massive automatic tax hikes and federal spending cuts that will go into effect January 1. No one is guaranteeing a deal will be struck before the end-of-year deadline.

​​With four weeks to go before a draconian austerity regime hits a fragile U.S. economy, Congress’ top Republican, House Speaker Boehner, conceded the United States may, in fact, step off the so-called … [Read More]

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Source: VOA News: Economy and Finance