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Hours from fiscal cliff, Washington still awaits deal

<!– google_ad_section_start –> The US Congress comes back on Monday without a deal to avert the fiscal cliff and only a few hours of actual legislative time scheduled in which to act if an agreement materialises. Negotiations involving Vice President Joe Biden and Senate Republican leader Mitch McConnell appeared to offer the last hope for avoiding the across-the-board tax increases and draconian cuts in the federal budget that will be triggered at the start of the New Year because of a deficit-reduction law enacted in August, 2011. <!– google_ad_section_end –>

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Hours from fiscal cliff, Washington still awaits deal

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