WASHINGTON: Negotiations on the looming "fiscal cliff" will dominate talk in Washington this month, with both the White House and congressional Republicans having made early offers.
Failure to find a compromise on urgent spending and tax issues that charts a safe path down from the cliff could result in another recession, economic studies have forecast. At a time of clashing agendas on fiscal austerity and economic stimulus, here are the key tax increases, spending cuts and other issues that comprise the so-called cliff:
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