US fiscal cliff: Obama 'hopeful' after Republican plan fails

21 Dec 2012
Last updated during 08:11 ET

Both Barack Obama and a Republican care have moderated their strange positions

President Barack Obama is “hopeful” that a resolution will be found fast to equivocate a supposed “fiscal cliff” of taxation rises and spending cuts.

The White House pronounced it would work with Congress to strike a bipartisan understanding brazen of a 1 Jan deadline.

Earlier, Republicans forsaken a opinion in Congress on a offer that would have lifted taxes on high earners.

Right-leaning Republicans deserted a plan, that was put brazen by Republican House

Read full article: http://online.wsj.com/article/SB10001424127887324894104578109000926531558.html

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Source:
http://www.ezonearticle.com/2012/12/21/us-fiscal-cliff-obama-hopeful-after-republican-plan-fails/