21 December, 2012

CNN Breaking News

House Speaker John Boehner says his fiscal cliff plan won't come to a vote because "it did not have sufficient support from our members to pass. Now it is up to the president to work with Sen. (Harry) Reid on legislation to avert the fiscal cliff."

The fiscal cliff is a $7 trillion combination of automatic tax increases and spending cuts that are scheduled to start taking effect on January 1.

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