LA photographer killed while shooting Bieber’s car






LOS ANGELES (AP) — Police say a paparazzo was hit by a car and killed after taking photos of Justin Bieber‘s white Ferrari on a Los Angeles street.


Los Angeles police Officer James Stoughton says the photographer, who was not identified, died at a hospital shortly after the crash Tuesday evening. Stoughton says Bieber was not in the Ferrari at the time.






The sports car was parked on the side of Sepulveda Boulevard near Getty Center Drive after a traffic stop. The photographer was struck as he walked across the boulevard after taking pictures.


Stoughton says no charges are expected to be filed against the motorist who hit the man.


A call to a spokesperson for the singer was not immediately returned Tuesday night.


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Stock index futures surge on fiscal deal






PARIS (Reuters) – Stock index futures pointed to a higher open on Wall Street on Wednesday after lawmakers passed a bill preventing huge tax hikes and spending cuts that had threatened to push the economy into recession.


Futures for the S&P 500 were up 1.7 percent, Dow Jones futures were up 1.2 percent and Nasdaq 100 futures up 1.3 percent at 1103 GMT.






The House of Representatives voted for a bill passed on Monday by the Senate that will raise taxes on wealthy individuals and families and preserve certain other benefits that will, together, soften some of the blow that would have been sustained without an agreement to avoid the “fiscal cliff.


(Reporting by Blaise Robinson; editing by Simon Jessop)


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UPDATE 7-Tennis-Auckland Classic women’s singles round 1 results






Jan 1 (Infostrada Sports) – Results from the Auckland Classic Women’s Singles Round 1 matches on Tuesday


2-Julia Goerges (Germany) beat Anastasija Sevastova (Latvia) 6-3 6-4






Marina Erakovic (New Zealand) beat Stephanie Dubois (Canada) 6-2 6-1


1-Agnieszka Radwanska (Poland) beat Greta Arn (Hungary) 6-2 6-2


8-Mona Barthel (Germany) beat Grace Min (U.S.) 6-1 6-3


6-Yaroslava Shvedova (Kazakhstan) beat Lara Arruabarrena Vecino (Spain) 6-3 6-2


Romina Oprandi (Switzerland) beat Nudnida Luangnam (Thailand) 6-0 6-2


Heather Watson (Britain) beat 5-Sorana Cirstea (Romania) 6-3 (Cirstea retired)


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Clinton receiving blood thinners to dissolve clot






WASHINGTON (AP) — Doctors treating Secretary of State Hillary Rodham Clinton for a blood clot in her head said blood thinners are being used to dissolve the clot and they are confident she will make a full recovery.


Clinton didn’t suffer a stroke or neurological damage from the clot that formed after she suffered a concussion during a fainting spell at her home in early December, doctors said in a statement Monday.






Clinton, 65, was admitted to New York-Presbyterian Hospital on Sunday when the clot turned up on a follow-up exam on the concussion, Clinton spokesman Phillipe Reines said.


The clot is located in the vein in the space between the brain and the skull behind the right ear. She will be released once the medication dose for the blood thinners has been established, the doctors said.


In their statement, Dr. Lisa Bardack of the Mount Kisco Medical Group and Dr. Gigi El-Bayoumi of George Washington University said Clinton was making excellent progress and was in good spirits.


Clinton’s complication “certainly isn’t the most common thing to happen after a concussion” and is one of the few types of blood clots in the skull or head that are treated with blood thinners, said Dr. Larry Goldstein, a neurologist who is director of Duke University’s stroke center. He is not involved in Clinton’s care.


The area where Clinton’s clot developed is “a drainage channel, the equivalent of a big vein inside the skull. It’s how the blood gets back to the heart,” Goldstein said.


Blood thinners usually are enough to treat the clot and it should have no long-term consequences if her doctors are saying she has suffered no neurological damage from it, Goldstein said.


Clinton returned to the U.S. from a trip to Europe, then fell ill with a stomach virus in early December that left her severely dehydrated and forced her to cancel a trip to North Africa and the Middle East. Until then, she had canceled only two scheduled overseas trips, one to Europe after breaking her elbow in June 2009 and one to Asia after the February 2010 earthquake in Haiti.


Her condition worsened when she fainted, fell and suffered a concussion while at home alone in mid-December as she recovered from the virus. It was announced Dec. 13.


This isn’t the first time Clinton has suffered a blood clot. In 1998, midway through her husband’s second term as president, Clinton was in New York fundraising for the midterm elections when a swollen right foot led her doctor to diagnose a clot in her knee requiring immediate treatment.


Clinton had planned to step down as secretary of state at the beginning of President Barack Obama’s second term. Whether she will return to work before she resigns remained a question.


Democrats are privately if not publicly speculating: How might her illness affect a decision about running for president in 2016?


After decades in politics, Clinton says she plans to spend the next year resting. She has long insisted she had no intention of mounting a second campaign for the White House four years from now. But the door is not entirely closed, and she would almost certainly emerge as the Democrat to beat if she decided to give in to calls by Democratic fans and run again.


Her age — and thereby health — would probably be a factor under consideration, given that Clinton would be 69 when sworn in, if she were elected in 2016. That might become even more of an issue in the early jockeying for 2016 if what started as a bad stomach bug becomes a prolonged, public bout with more serious infirmity.


Not that Democrats are willing to talk openly about the political implications of a long illness, choosing to keep any discussions about her condition behind closed doors. Publicly, Democrats reject the notion that a blood clot could hinder her political prospects.


“Some of those concerns could be borderline sexist,” said Basil Smikle, a Democratic strategist who worked for Clinton when she was a senator. “Dick Cheney had significant heart problems when he was vice president, and people joked about it. He took the time he needed to get better, and it wasn’t a problem.”


It isn’t uncommon for presidential candidates’ health — and age — to be an issue. Both in 2000 and 2008, Sen. John McCain, R-Ariz., had to rebut concerns he was too old to be commander in chief or that his skin cancer could resurface.


Two decades after Clinton became the first lady, signs of her popularity — and her political strength — are ubiquitous.


Obama had barely declared victory in November when Democrats started zealously plugging Clinton as their strongest White House contender four years from now, should she choose to take that leap.


“Wouldn’t that be exciting?” House Democratic leader Nancy Pelosi declared in December. “I hope she goes. Why wouldn’t she?”


Even Republicans concede that were she to run, Clinton would be a force to be reckoned with.


“Trying to win that will be truly the Super Bowl,” Newt Gingrich, the former House Speaker and 2012 GOP presidential candidate, said in December. “The Republican Party today is incapable of competing at that level.”


Americans admire Clinton more than any other woman in the world, according to a Gallup poll released Monday — the 17th time in 20 years that Clinton has claimed that title. And a recent ABC News/Washington Post poll found that 57 percent of Americans would support Clinton as a candidate for president in 2016, with just 37 percent opposed. Websites have already cropped up hawking “Clinton 2016″ mugs and tote bags.


Beyond talk of future politics, Clinton’s three-week absence from the State Department has raised eyebrows among some conservative commentators who questioned the seriousness of her ailment after she canceled planned Dec. 20 testimony before Congress on the deadly attack on the U.S. diplomatic mission in Benghazi, Libya.


Clinton had been due to discuss with lawmakers a scathing report she had commissioned on the attack. It found serious failures of leadership and management in two State Department bureaus were to blame for insufficient security at the facility. Clinton took responsibility for the incident before the report was released, but she was not blamed. Four officials cited in the report have either resigned or been reassigned.


___


Associated Press writer Ken Thomas in Washington and AP Chief Medical Writer Marilynn Marchione in Milwaukee contributed to this report.


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Concern over Oscar voting extends deadline






LOS ANGELES (AP) — Growing concern that problems with the new electronic Oscar voting system could lead to record-low turnout has prompted the motion picture academy to extend the deadline for members to vote for Oscar nominations.


But next week’s highly anticipated announcements looming, the extension is only for a day, until Friday. The Academy of Motion Picture Arts and Sciences said Monday any votes received after the new deadline will not be counted.






“By extending the voting deadline we are providing every opportunity available to make the transition to online balloting as smooth as possible,” said the academy’s chief operating officer, Ric Robertson, in a statement. “We’re grateful to our global membership for joining us in this process.”


Reports of difficulty accessing the Oscars’ first-ever online voting system and fears that it could be hacked have raised questions about balloting for the 85th annual contest. Earlier this year, the academy and its longtime accountants, PricewaterhouseCoopers, partnered with the electronic voting firm Everyone Counts Inc. to develop the system.


“There’s considerable concern from many members that voter participation will be at record lows this year because the people who wanted to take a chance on this new cutting-edge system are either giving up on it or worried they won’t be able to cast their votes,” said Scott Feinberg, awards analyst and blogger for The Hollywood Reporter.


In the past, Oscar voting has been compiled strictly through paper ballots sent through the mail. The new system allows members to choose between voting online or sticking with a traditional mail-in ballot.


Morgan Spurlock, the documentary filmmaker whose 2004 film “Super Size Me” was nominated for best documentary, posted on Twitter last week that he wasn’t able to log on to vote electronically and his ballot was instead mailed to him.


“The password they sent didn’t work for my log-in — and they couldn’t email me a new log-in, only snail mail,” tweeted the 42-year-old director.


The academy said it has made several voting resources available to members, including assisted voting stations in Los Angeles, New York and London, and a 24-hour support line.


A spokesman for Everyone Counts didn’t immediately respond to a request seeking comment.


Besides online voting, a retooled nomination period could also affect the competition.


Organizers moved up the unveiling of the Oscar nominations to Jan. 10. That change puts the announcement three days before Hollywood‘s second-biggest awards ceremony, the Hollywood Foreign Press Association‘s Golden Globes, which are scheduled for Jan. 13.


Oscar overseers originally said the switcheroo would give the academy’s nearly 6,000 members more time to see nominated films before the Feb. 24 awards ceremony, but Feinberg of The Hollywood Reporter noted that the change gave voters less time to see potential contenders during the first phase of voting, when members decide on nominees.


“If the turnout is lower among older members, more traditional Oscar contenders will probably receive fewer votes, and otherwise edgier films that appeal more to younger people could fare better,” said Feinberg. “Because of the way that best-picture voting works, it could increase the chances of a movie like ‘The Master’ or ‘Moonrise Kingdom’ getting in.”


Ultimately, because of the inherent secrecy involved in selecting Oscar winners, Feinberg said it will be impossible to know what affects — if any — this year’s voting changes have on the ceremony, where as many as 10 films could be vying for the best-picture award.


___


Online:


http://www.oscars.org


___


Follow AP Entertainment Writer Derrik J. Lang on Twitter at http://www.twitter.com/derrikjlang.


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US Senate approves key tax deal









President Obama said a larger deal could be accomplished “in several steps”



The US Senate has approved a deal to avert general tax hikes and spending cuts known as the “fiscal cliff”.


The bill, which raises taxes for the wealthy, came after lengthy talks between Vice-President Joe Biden and Senate Republicans.


The House is due to consider it later. Spending cuts have been delayed for two months to allow a wider agreement.


Congress missed the deadline to pass a bill, but few effects will be felt as Tuesday is a US public holiday.


Tax cuts approved during the presidency of George W Bush formally expired at midnight (05:00 GMT).


Without approval in the House, huge tax rises for virtually all working Americans will kick in automatically.


Analysts warned that if the full effects of the fiscal cliff were allowed to take hold, the resulting reduction in consumer spending could spark a new recession.


Continue reading the main story

Start Quote



American politicians certainly know how to take it to the wire – and just a little bit beyond”



End Quote



The compromise deal reached on Monday seeks to avoid this by extending the tax cuts for Americans earning under $ 400,000 (£246,000) – up from the $ 250,000 level Democrats had originally sought.


A huge spending cut that would see $ 1.2tn cut from the federal budget over 10 years has been deferred for two months, allowing Congress and the White House to reopen negotiations.


The Senate approved the compromise bill by 89-8. “If we do nothing, the threat of a recession is very real,” Senate Majority Leader Harry Reid, a Democrat, said. “Passing this agreement does not mean negotiations halt, far from it.”


In addition to the income tax rates and spending cuts, the package includes:


Continue reading the main story

What is the fiscal cliff?


  • On 1 January 2013, tax rises and huge spending cuts come into force – the so-called fiscal cliff

  • The deadline was put in place in 2011 to force the president and Congress to reach agreement on the budget over the next 10 years

  • Date coincides with expiry of Bush-era tax cuts

  • There are fear that raising taxes while massively cutting spending will have a huge impact on households and businesses

  • The fiscal squeeze could also push the US into recession, and have a global impact


• Rises in inheritance taxes from 35% to 40% after the first $ 5m for an individual and $ 10m for a couple


• Rises in capital taxes – affecting some investment income – of up to 20%, but less than the 39.6% that would prevail without a deal


• One-year extension for unemployment benefits, affecting two million people


• Five-year extension for tax credits that help poorer and middle-class families


Imperfect solution


President Barack Obama welcomed the Senate vote.


“Leaders from both parties in the Senate came together to reach an agreement that passed with overwhelming bipartisan support today that protects 98% of Americans and 97% of small business owners from a middle class tax hike,” he said in a statement.


Continue reading the main story

Press reaction


Jennifer Steinhauer in The New York Times writes: “The confusing struggle to head off a national fiscal crisis has made one thing crystal clear: The era of the Big Deal is over.”


In The Washington Post, David A Fahrenthold says:”The New Year’s Eve agreement between [Vice-President Joe] Biden and [Senate Minority Leader Mitch] McConnell provided a glimpse at the ways that personality quirks and one-to-one relationships can still change the course of Washington politics.”


The Wall Street Journal says: “The wider deal doesn’t do much to control the US’s long-term budget woes, which are driven largely by entitlement spending, especially on health care, left untouched in this agreement.”



“While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay.”


Senate Minority Leader Mitch McConnell, a Republican, said: “It took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort.”


The BBC’s Mark Mardell in Washington says many of the Republicans who dominate the House dislike the deal and may stand on their principle.


Speaker John Boehner said the House would consider the deal but left open the possibility of amending the Senate bill – which would spark another round of legislation.


“Decisions about whether the House will seek to accept or promptly amend the measure will not be made until House members… have been able to review the legislation,” Mr Boehner and other House Republican leaders said in a statement.


The current House can legislate until Wednesday, when it is replaced by a new chamber chosen during last November’s election.


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Canadian job creation seen sharply lower in December






OTTAWA (Reuters) – Canada‘s job market is expected to slow markedly in December to reflect the sluggish economy and employers’ fears about the U.S. fiscal crisis following outsized gains of over 50,000 jobs in two of the previous three months.


The median forecast in a Reuters poll is for the economy to add just 5,000 jobs in the month, with forecasts ranging from a loss of 20,000 positions to a gain of 21,000.






The forecast compares with employment growth of 59,600 in November, 1,800 in October and 52,100 in September.


The unemployment rate is seen ticking higher in the final month of the year to 7.3 percent from 7.2 percent.


Derek Holt, vice president of economics at Scotiabank, said he’s been surprised by the strength of job growth which he estimates to be the equivalent in the United States of about 1.5 million non-farm payroll jobs over the last three months.


“Here we are with the conundrum where we have zero growth in the Canadian economy, long predating the appearance of the greatest fiscal-cliff risks and yet we’re heaping on jobs like there’s no tomorrow,” Holt said.


Unlike the United States, Canada has long recovered all the jobs lost during the 2008-09 recession but the pace of hiring in 2012 was unsteady.


Benjamin Reitzes, economist at BMO Capital Markets, said if the 5,000-job forecast was accurate, it would put 2012 job growth at just 1.1 percent, “the weakest non-recession year since 1996.”


Canadian employers have faced uncertainty in one form or another during the recovery and are now fretting about the U.S. fiscal cliff, a set of tax hikes and spending cuts that will automatically take effect and could throw the United States into recession unless the White House and Congress reach an alternative agreement.


“For as long as Washington cannot agree on the new tax rules and spending focus, they’re not going to give business the confidence to go out and hire and engage in capital spending projects and that’s going to impede the pace of recovery until we get more clarity,” said Holt.


With the Canadian economy now expected to grow by far less in the fourth quarter than the Bank of Canada‘s projection of 2.5 percent, annualized, the blockbuster jobs growth of recent months looks suspect. The six-month trend shows more sustainable gains of about 21,000 a month.


The moderation means the Bank of Canada will be in no hurry to raise its benchmark interest rate, which it has held at 1.0 percent since September 2010.


Market players surveyed by Reuters in late November predicted the bank would resume hiking rates in the fourth quarter of 2013.


(Reporting by Louise Egan; Editing by Kenneth Barry)


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New Year, New Headache? Hangover Cures and Myths






After the Times Square ball drops on New Year’s Eve and copious amounts of Champagne get  toasted and drunk, many might find themselves  forgetting more ”auld acquaintances” than they intended and waking up to  2013 with a vicious hangover.


A hangover is essentially a build-up of acetaldehyde, a toxin in the liver. When one overdoes it on the booze, the liver can’t produce enough glutathione, a compound that contains the amino acid L-cysteine, to combat it. Cysteine breaks down acetaldehyde into water and carbon dioxide, which is then flushed out of the body as urine.






While nothing has been shown scientifically to “cure” a hangover, Dr. Richard Besser, ABC News’ chief medical editor,  offered these tips to help nurse the pain:


Drink plenty of water.  Alcohol is quite dehydrating.


• If you have a headache, take aspirin or ibuprofen the next morning, not acetaminophen (Tylenol).  Acetaminophen is processed by your liver that has just taken a hit from your overdrinking.


Go to bed. Most hangovers are over after eight  to 24 hours but before you do …


• Pull out your smartphone and record a video message to yourself.  Tell yourself how lousy you feel and repeat this phrase: “I won’t overdrink again, I won’t overdrink again, I won’t overdrink again.”


Other suggestions from our past contributors include how to avoid a hangover while still slugging back the brewskies, and what to do if the  hangover arrives anyway:


While You’re Boozing:


1. Sip Slowly


If you drink your alcohol slowly instead of guzzling it down, doctors say it helps give the stomach a fighting chance to absorb the toxins so your body isn’t assaulted with booze.


2. Eat Fatty Foods


Food products with a lot of fat in them, such as chips, can help slow down the absorption of alcohol.


3. Avoid Carbonated Drinks


Doctors say carbonation can increase the absorption of alcohol, so put down the rum and Coke.


The Morning After — Happy Hangover:


1. Sleep, Sleep, Sleep


Time will heal all wounds.


2. Flush Your System


When you are dehydrated, your body is depleted of potassium and sodium, which is why you have that achy “hit by a dump truck” feeling the next morning.


Doctors say try to replenish your body with lots of fluids. Drink water or drinks that are heavy in electrolytes, such as sports drinks or coconut water.


3. Be Leery of Caffeine


Caffeine, like alcohol, is a diuretic, which can further dehydrate your body after drinking, making the headache much worse, so doctors recommend extra water if you’re going to reach for a cup of coffee, tea or an energy drink.


But people who regularly drink minimal amounts of caffeine might find it helps soothe their headache. While the causes of a hangover aren’t completely understood, a leading theory for the pounding headache is that alcohol dilates blood vessels in the brain and caffeine constricts the blood vessels, which might bring relief to some people.


4. Avoid the ‘Hair of the Dog’


While that Bloody Mary or extra pint of beer with breakfast the next morning sounds like a rallying move, doctors say more alcohol means more dehydration, meaning more hangover hurting. Even if you don’t feel the pain now, you will later.


5. Have a Snack 


According to the Mayo Clinic, bland foods, such as toast and crackers, can help boost blood sugar and settle your stomach. Eating chicken noodle or bouillon soups, which are  loaded with sodium and potassium, can help make you feel better.


Foods and drinks that contain fructose, such as honey, apples, berries or fruit juice, as well as vitamin C and B  can also help burn off alcohol.


Final Thoughts: Not to be a buzz kill, but the bottom line is that the best way to to avoid a hangover is to stay away from the booze. Entirely.


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Kanye West, Kim Kardashian expecting 1st child






ATLANTIC CITY, N.J. (AP) — A kid for Kimye: Kanye West and Kim Kardashian are expecting their first child.


The rapper announced at a concert Sunday night that his girlfriend is pregnant. He told the crowd of more than 5,000 at Revel Resort‘s Ovation Hall in song form: “Now you having my baby.”






The crowd roared. And so did people on the Internet.


The news instantly went viral on Twitter and Facebook, with thousands posting and commenting on the expecting couple.


Most of the Kardashian clan also tweeted about the news, including Kim’s sisters and mother. Kourtney Kardashian wrote: “Another angel to welcome to our family. Overwhelmed with excitement!”


West, 35, also told concertgoers to congratulate his “baby mom” and that this was the “most amazing thing.”


Representatives for West and Kardashian, 32, didn’t immediately respond to emails about the pregnancy.


The rapper and reality TV star went public in March.


Kardashian married NBA player Kris Humphries in August 2011 and their divorce is not finalized.


West’s Sunday night show was his third consecutive performance at Revel. He took the stage for nearly two hours, performing hits like “Good Life,” ”Jesus Walks” and “Clique” in an all-white ensemble with two band mates.


___


AP Writer Bianca Roach contributed to this report.


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US ‘fiscal cliff’ talks go to wire







US Congressional leaders have one more day to stop steep tax rises and spending cuts, known as the “fiscal cliff”, after talks ended with no deal.






Senators will continue to seek a compromise deal on Monday to send to the House of Representatives.


Failure to reach agreement by 1 January could push the US back into recession.


President Barack Obama has blamed Republicans for the deadlock. He said their “overriding theme” was protecting tax breaks for the rich.


Fallback plan


Continue reading the main story

At the scene




Few in the US capital could talk of anything but who would win Sunday’s must-win showdown. For most, that meant an NFL game between the Washington Redskins and the Dallas Cowboys; on Capitol Hill the stakes were somewhat higher.


Cliches and aphorisms abounded in the Senate corridors as reports spread of a breakdown in deal-making. “The fat lady hasn’t sung yet,” one Republican declared, obscured by the pack of reporters following him down the hallway. “These things always happen at the end,” said Chuck Schumer, a senior Democrat.


But it was the retiring senators, three days away from their final goodbyes, who spoke the most openly. Failure would “send a message worldwide that we don’t have the capacity to work across political aisles on critical issues”, said Olympia Snowe, Maine’s outgoing Republican.


“The world has gotten used to this so they are no longer shocked,” Ben Nelson, a retiring Nebraska Democrat said. “They see this as just more of the same and hope that one of these days maybe Congress will get its act together.”



Republicans and Democrats have been fighting for months over how to deal with the combination of automatic spending cuts and the expiration of Bush-era tax reductions at the new year.


Without an agreement, higher taxes will rise for virtually every working American and across-the-board cuts in government spending will kick in from Tuesday.


Analysts say this could significantly reduce consumer spending, leading the US economy to fall off the “fiscal cliff”.


After the latest round of intense negotiations in the Senate on Sunday the main sticking points reportedly include such key issues as the income threshold for higher tax rates and inheritance taxes.


If no agreement is reached on Monday, senators are expected to be given the chance to vote on a fallback plan proposed by President Obama.


That would renew tax cuts on earnings under $ 250,000 (£154,000) and extend unemployment benefits, but does not address the spending cuts.


Both the House and Senate are due to convene on Monday in a last-minute attempt to bridge the gap between the two sides. The Republican Speaker of the House, John Boehner, has insisted that the Senate act first.


The current stand-off has its roots in a failed 2011 attempt to tackle the government debt limit and budget deficit.


Republicans and Democrats agreed then to postpone difficult decisions on spending until the end of 2012.


Commentators say that even if a deal is reached, it will do little to reduce the original problem of the deficit and the government debt limit, raising the prospect of further political infighting early in the new year.


Parties divided


Senate Democratic leader Harry Reid and his Republican counterpart Mitch McConnell were locked in negotiations over the weekend.


Continue reading the main story

What is the fiscal cliff?


  • On 1 January 2013, tax increases and huge spending cuts are due to come into force – the so-called fiscal cliff

  • Deadline was put in place in 2011 to force president and Congress to agree ways to save money over the next 10 years

  • Date coincides with expiry of Bush-era tax cuts, which would affect all income groups and many businesses

  • Fear is that raising taxes while massively cutting spending will have a huge impact on households and businesses

  • Experts believe it could push the US into recession, and have a global impact on growth


The two senators appeared to admit before the 15:00 deadline (20:00 GMT) that negotiations were at a standstill, with their two parties still divided over core issues.


However late on Sunday, Senate Republicans said they were dropping their proposal to slow the growth of Social Security payments. The plan – which would have led to lower benefits to pensioners and the disabled – had been fiercely resisted by Democrats.


Meanwhile Senator McConnell said he had asked Vice-President Joe Biden for help in breaking the deadlock late on Sunday.


“I’m concerned with the lack of urgency here. There’s far too much at stake,” he said. “There is no single issue that remains an impossible sticking point – the sticking point appears to be a willingness, an interest or courage to close the deal.”


In his interview with NBC’s Meet the Press, broadcast on Sunday, Mr Obama said the priority was to ensure taxes do not rise for middle-class families, saying that would “hurt our economy badly”.


“That’s something we all agree on. If we can get that done, that takes a big bite out of the ‘fiscal cliff’,” he said.


There is also debate over where to set the threshold for tax rises. Democrats say the Bush-era tax cuts should be extended for all Americans except the richest – those with annual earnings of more than $ 250,000 (£155,000).


Republicans – some of whom have pledged never to vote for increased taxes – say the deficit is a consequence of excessive government spending.


They want the tax threshold set higher, at around $ 400,000, and for revenue to be raised by economic growth and cuts in social security and other services states are legally bound to provide.


BBC News – Business





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