Congress-White House Fiscal Cliff Discussions: No Deal

The quiet discussions between the U.S. Congress and the White House about the upcoming fiscal cliff ended last week with no deal and no date to meet again, a not particularly auspicious beginning.

Congressional leaders, senior White House staff and the Treasury Secretary met to talk about a budget deal to forestall a government shutdown on October 1; remove budget caps that would mandate $120 billion in budget cuts, and increase the debt ceiling.

Congress wants a two year agreement with t...

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