TAKE-A-LOOK-The 'fiscal cliff' in the United States
Unless the U.S. Congress acts first, $600 billion in tax hikes and federal spending cuts will begin to take effect at the end of the year with a potentially devastating impact on the economy. The Obama administration and congressional leaders are attempting to negotiate a deal to avoid the so-called fiscal cliff and work toward a deficit reduction package in the next session of Congress that begins in January.> Fiscal cliff and alternative minimum tax
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.