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Obama cuts short his holiday as fiscal cliff battle heats up

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President Barack Obama walks down the lower steps instead of the usual longer stairway from Air Force One upon his arrival at Andrews Air Force Base, Maryland, Thursday, Dec. 27, 2012. The president cut short his holiday and returned to Washington as no deal appeared in sight to avoid the year-end "fiscal cliff" of higher taxes and deep spending cuts that could spin the still-fragile back into a recession.  AP PHOTO/CAROLYN KASTER

US President Barack Obama rushed back to Washington on Thursday in a last-ditch bid to halt America’s slide over the “fiscal cliff,” only to find lawmakers blaming each other for looming failure.

Posted: December 28th, 2012 in Latest Business Stories | Read More »

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