Multimedia

US Debt Battle Waged in Public Viewi
|| 0:00:00
X
Michael Bowman
December 05, 2012 11:13 PM
The Obama administration and Congressional Republicans are bargaining in public for a debt reduction deal to preempt massive automatic tax increases and spending cuts that will take effect January 1. As VOA’s Michael Bowman reports, both parties are sticking to core negotiating positions less than four weeks before the United States steps off the so-called “fiscal cliff” that economists warn could push the nation back into recession.

US Debt Battle Waged in Public View

Michael Bowman

Published December 05, 2012

The Obama administration and Congressional Republicans are bargaining in public for a debt reduction deal to preempt massive automatic tax increases and spending cuts that will take effect January 1. As VOA’s Michael Bowman reports, both parties are sticking to core negotiating positions less than four weeks before the United States steps off the so-called “fiscal cliff” that economists warn could push the nation back into recession.