The US House of Representatives will not vote on Monday on an 11th-hour proposal to prevent the country from tottering over the so-called "fiscal cliff," a senior Republican source told AFP.
US President Barack Obama pauses while speaking about the ongoing fiscal cliff negotiations from the White House in Washington on December 31, 2012. The US House of Representatives will not vote on Monday on an 11th-hour proposal to prevent the country from tottering over the so-called "fiscal cliff," a senior Republican source told AFP.
US markets will not immediately feel the shock of the failure as January 1 is a public holiday, giving lawmakers a short breathing space in which to hammer out a stop-gap deal and pass it through the House and the Senate on Tuesday.
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Article source: http://www.thethailandlinks.com/2013/01/01/no-house-vote-before-us-fiscal-cliff-deadline/
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