Leaders make clear they won't take action to avert automatic tax increases and spending cuts at year-end if Republicans won't compromise on higher taxes for the wealthy.WASHINGTON — The game of chicken over the nation's impending "fiscal cliff" — the automatic tax increases and spending cuts due if Congress fails to act by year-end — has officially begun.
Congressional Democrats Dig In On 'fiscal Cliff' Scenario
By Lisa Mascaro, Washington Bureau, Los Angeles Times
Mon, 07/16/2012 - 9:27pm
Topics: congress fiscal cliff spending cuts tax hikes
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