Over the fiscal cliff: Soft or hard landing?

Associated Press
Over the fiscal cliff: Soft or hard landing?

Clouds roil over the White House in Washington on the morning of Sunday, Dec. 30, 2012, as Washington has less than 48 hours to avert the “fiscal cliff,” a series of tax increases and spending cuts set to take hold on Jan. 1. Republican and Democratic negotiators in the Senate were hoping to reach a deal to avoid going over the cliff on Sunday. (AP Photo/Jacquelyn Martin)

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