Cliff looms: Kicking the can, Washington-style
WASHINGTON – When it comes to the nation’s budget challenges, congressional leaders are fond of saying dismissively they don’t want to kick the can down the road.
But now, a deadline hard ahead, even derided half-measures are uncertain as President Barack Obama and lawmakers struggle to avert across-the-board tax increases and spending cuts that comprise an economy-threatening “fiscal cliff.”
Congressional officials said Wednesday they knew of no significant strides toward a compromise over a long Christmas weekend, and no negotiations have been set.
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