News Briefs

  Tevet 17, 5773 , 30/12/12

Obama Blames Republicans for Fiscal Cliff Crisis

United States President Barack Obama blamed a Republican refusal to raise taxes on the rich for the "fiscal cliff" crisis as top lawmakers haggled in a desperate end-of-year search for a stop-gap deal. Obama slammed foes in Congress as the clock ticked down to an automatic avalanche of tax hikes and slashing spending cuts coming into force Tuesday, which could throw the US economy back into recession and roil world markets.

Other archived news briefs:Dec 30 2012, 07:41 PM, 12/30/2012