Congress comes back Tuesday to confront 'fiscal cliff'
Rachelle Younglai and Jason LangeWASHINGTON (Reuters) - Amid a global fright over Washington's political brinkmanship, U.S. lawmakers return to the capital on Tuesday with a seven-week deadline to reach agreement on scheduled tax hikes and budget cuts that threaten to trigger another recession.
The post-election battle over the so-called fiscal cliff is shaping up as an extension of the political campaign with Democrats trying to rally support for raising taxes on the wealthy as part of any deal, and Republicans countering that such an approach would devastate "job creators" across the country.
President Barack Obama has scheduled high-profile White House meetings with business, civic and labor leaders in advance of a summit set for Friday of top Republicans and Democrats in Congress.
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"Congress comes back Tuesday to confront 'fiscal cliff'", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2012. Consulté le 24/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/congress-comes-back-tuesday-to-confront-fiscal-cliff-