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President says 'fiscal cliff' deal in sight

January 1, 2013
Salem News

WASHINGTON (AP) - Working with Congress against a midnight deadline, President Barack Obama said Monday that a deal to avert the "fiscal cliff" was in sight but not yet finalized. The emerging deal would raise tax rates on family income over $450,000 and individual income over $400,000 a year, increase the estate tax rate and extend unemployment benefits for one year.

 
 
 

 

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