January 1, 2013 9:56 AM

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White House & Senate Republicans reach fiscal cliff deal

Reports from the United States say, the White House and Senate Republicans, have reached a deal to avoid the country falling off, what is known as the Fiscal Cliff. A series of automatic tax hikes and spending cuts have threatened to push the economy, back in to recession. It is also thought that Democrats are ready to back the deal. But there has been no word from Republicans, in the House of Representatives.

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