USA

No Progress on US Debt Reduction Pacti
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Michael Bowman
December 14, 2012 12:45 AM
A deal to curb America’s national debt remains elusive less than three weeks before severe tax increases and budget cuts - the so-called “fiscal cliff” - automatically take effect. The House of Representatives adjourned for the week with no narrowing of differences between the speaker and President Barack Obama on a deal that would spare Americans significant financial and economic pain beginning next year. VOA’s Michael Bowman reports.

No Progress on US Debt Reduction Pact

Michael Bowman

Published December 13, 2012

A deal to curb America’s national debt remains elusive less than three weeks before severe tax increases and budget cuts - the so-called “fiscal cliff” - automatically take effect. The House of Representatives adjourned for the week with no narrowing of differences between the speaker and President Barack Obama on a deal that would spare Americans significant financial and economic pain beginning next year. VOA’s Michael Bowman reports.


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