Fiscal Cliff

Obama Begins ‘Fiscal Cliff’ Campaign

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President Barack Obama starts his fiscal-cliff campaign in Northern Virginia on Thursday to illustrate the impact of letting taxes go up on the middle class. Signs are emerging that Republicans are contemplating a change in strategy in their battle with Democrats over deficit reduction. Republicans are holding out for an extension of all the tax cuts, but have become increasingly divided over the past two weeks about whether they can prevail in the face of Obama’s firm stance and Republican control of only the House of Representatives but not the U.S. Senate.

Read it at Reuters

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