“Fiscal Cliff” Debate Moves Ahead

WASHINGTON (AP) – A potential economic calamity is looming. It’s called the “fiscal cliff” and involves taxes and spending cuts. President Barack Obama is signaling his willingness to compromise with Republicans, but he insists his re-election gives him a mandate to raise taxes on wealthier Americans. House Speaker John Boehner says such a move “will destroy jobs in America.”

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