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Economy and Politics: Fiscal Cliff #1034675

ABC Evening News for Sunday, Dec 02, 2012
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(Studio: David Muir) The fierce battle to avoid the fiscal cliff introduced.

(White House: David Kerley) The talks between President Obama and House Republicans over tax rates for the wealthy to avoid the fiscal cliff examined; details given of the two sides' positions on taxes and cuts. [On "This Week," Treasury Secretary Tim GEITHNER - opposes the low tax rates; agrees the ball is in their court.] [Speaker of the House John BOEHNER - reacts to the administration offer.] The cost of higher income taxes, resulting spending cuts and where the talks stand outlined on screen.

Reporter(s):
Muir, David;
Kerley, David
Duration:
00:02:10

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