ABC News | What is the fiscal cliff? Financial Times The White House and Congressional leaders have begun high-stakes talks to avoid a looming fiscal cliff that would entail a mix of $600bn in spending cuts and tax increases next year unless a budget deal can be agreed by December 31. If an agreement is ... The fiscal cliff: tax the rich, cut the deficit, and grow the economy As 'fiscal cliff' looms, take steps to protect yourself President Obama, lawmakers display confidence after initial talks on the `fiscal cliff' |

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