January 1 is fast approaching and there is still no deal between President Barack Obama and Republicans in Congress to avert $500 billion in tax hikes and spending cuts that could have worldwide economic repercussions.

Political experts say that 20 or 30 years ago, Congress and the president would have had a much easier time reaching a compromise on the so-called ‘fiscal cliff’ because the two political parties were used to working together.

But the escalation of polarized, partisan … [Read More]

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Source: VOA News: Economy and Finance