News Brief 12/30/2012, Tevet 17, 5773
US: Last Efforts to Avoid 'Fiscal Cliff'
Talks in the United States Senate continued over the weekend as Democrats and Republicans tried to avoid the "fiscal cliff," a combination of spending cuts and tax hikes that will go into effect in the upcoming days if no compromise is reached regarding the 2013 budget.
As of Saturday evening leaders from both parties said they had nothing to report. An update is expected on Sunday afternoon US time.