Positions harden in US fiscal showdown
- Published: 6 Dec 2012 at 02.47
- Online news: World
President Barack Obama warned Republicans not to hold the US economy hostage in a new feud over raising government borrowing, as battle lines hardened in the "fiscal cliff" showdown.
US President Barack Obama, pictured at the 012 Tribal Nations Conference at the Department of Interior in Washington, DC, warned Republicans not to hold the US economy hostage in a new feud over raising government borrowing, as battle lines hardened in the "fiscal cliff" showdown.
Obama and Republican foes accused each other of intransigence as vital hours passed without serious negotiations on averting a year-end tax and spending crunch that could trigger a new recession in the world's biggest economy.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
