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Scenarios staring at Americans

Last Updated: Tue, Dec 25, 2012 19:00 hrs

The US House of Representatives’ rejection of a Bill to raise taxes on just 0.18 per cent of Americans — those making more than $1 million a year — has raised questions about the Republican-led chamber's ability to approve any plan to avert the looming “fiscal cliff”. Unless President Barack Obama and the Congress forge a deal in time, the economy could thrust into a recession

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