Obama in 'fiscal cliff' deadlock talks as concern grows
President Obama will meet with Congressional leaders on Friday for the first time since the election, to try and break the deadlock over next year's budget.
Current tax cuts and government spending plans will expire on 31 December, taking $600bn out of the economy unless an agreement is reached.
The uncertainty over the so-called fiscal cliff is taking its toll on many US businesses.
Ben Thompson reports from New York state.
Most watched/listened
-
'Forgive me. Our sons were brainwashed'
-
'Obama will stay with me forever'
-
President jokes with Belfast audience
-
Self-obsessed Millennials having fun
-
Missing for more than 30 years
-
Sao Paulo protests turn violent
-
Obama and Putin in 'tense' Syria talks
-
Close up: Airbus A350 Rolls Royce engine
-
India floods: At least 19 dead
-
Footage shows family caught in protest
-
'Henry the eighth', Obama's Irish cousin
-
Can 'geek parties' save you money?
-
Obama fever comes to Belfast
-
G8: Obamas arrive on Air Force One
-
Obamas arrive early for state visit
~RS~q~RS~~RS~z~RS~12~RS~)
