Obama, Congress in last push to avert 'cliff'
World BusinessDec 27, 2012
President Barack Obama and members of Congress prepared for one last try to avert across-the-board tax increases and spending cuts known as the fiscal cliff, as the U.S. Treasury Department warned Wednesday that it will begin taking action to prevent the government from hitting its debt limit.Treasury Secretary Timothy Geithner said in a letter to congressional leaders that the department will use accounting measures to save approximately $200 billion. That could keep the government from reachin