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White House meeting a last chance at a fiscal deal
US President Barack Obama was holding a last-chance meeting with Congressional leaders Friday to discuss how to avoid austerity measures that kick in next week and threaten to spin the country back into recession. Grumbling senators, called back to Washington, found themselves little to do, while the House of Representatives wasn't convening until Sunday evening.

 

There was no sign that a deal would be reached in time to avoid the so-called "fiscal cliff" of tax increases for nearly every American and deep spending cuts across the board. (AP)