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Happy New Year: U.S. to Go Over Fiscal Cliff

rdk Wrote: Dec 31, 2012 9:24 PM
Wheeeee! When do we hit bottom?
Ress Wrote: Dec 31, 2012 9:28 PM
Maybe in 2013, maybe a couple of years later. But almost certainly during this presidential term, which may be why Romney apparently decided late in his campaign that he didn't want the job so badly after all.

It’s official. The United States will go over the cliff tonight—at least for a little while.  The House announced they will not hold a late-night vote even if legislation cleared the Senate. Although it’s not confirmed, some sources are pointing to Obama’s ‘attitude and criticism of Congress’ during the press conference/pep rally he held this afternoon as reason for the adjournment. 

Earlier today, Sen. McConnell said that he reached an agreement with Vice President Biden on the tax portion of the deal, which calls for individuals making $400,000 and families making $450,000 to see their rates rise to...