Oil prices fall as US 'fiscal cliff' approaches - Israel News, Ynetnews
 
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Oil prices fall as US 'fiscal cliff' approaches

Published: 12.24.12, 07:16 / Israel News

Oil prices fell Monday, just eight days before the US arrives at the "fiscal cliff" deadline without a budget agreement in place.

 

If no deal is reached by Jan. 1, steep tax increases and government spending cuts will automatically take effect that will jar the US economy and potentially throw it into recession, economists have warned. (AP)

 

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