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
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.