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    United States Careens Towards Fiscal Cliffi
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    December 31, 2012 1:46 PM
    U.S. lawmakers remain unable to agree on a deficit-reduction package, one day before severe austerity measures automatically take effect. VOA Senate correspondent Michael Bowman reports that hopes of a deal continue to dwindle as the hours tick down to a New Year’s Eve deadline for averting across-the-board tax hikes and deep spending cuts known as the “fiscal cliff."

    United States Careens Towards Fiscal Cliff

    Published December 31, 2012

    U.S. lawmakers remain unable to agree on a deficit-reduction package, one day before severe austerity measures automatically take effect. VOA Senate correspondent Michael Bowman reports that hopes of a deal continue to dwindle as the hours tick down to a New Year’s Eve deadline for averting across-the-board tax hikes and deep spending cuts known as the “fiscal cliff."