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Budget fight in D.C. going down to wire

Jockeying but no deal yet on sidestepping ‘fiscal cliff’

Posted: December 30, 2012 at 4:03 a.m.

Senate leaders and their aides began searching Saturday for a formula to extend tax cuts for most Americans that could win bipartisan support in the Senate and final approval in the divided House by the new year, hoping to prevent tax increases and budget cuts that could threaten the fragile economy.

Last-Minute Fiscal Cliff Talks in Senate

Senate leaders groped for a last-minute compromise Saturday to avoid middle-class tax increases and possibly prevent deep spending cuts at the dawn of the new year. (By The Associated Press)
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