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VIDEO:News

The U.S. Reaches a Fiscal Cliff Deal

Description:With the last hours of 2012 ticking rapidly away in the U.S. the White House and congressional lawmakers reached a deal to avert an impending plunge off the fiscal cliff. Without a deal some 600 billion dollars of tax hikes and spending cuts were due to kick in on January 1st, 2013. (0:41)

Source: Reuters

Tags: The U.S. Reaches a Fiscal Cliff Deal , Economic Crisis , fiscal cliff news , obama congress fiscal cliff negotiations

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