Wednesday, January 2, 2013

Reuters: Money News: U.S. 'kicks can' towards 'fiscal abyss': China's Xinhua

Reuters: Money News
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U.S. 'kicks can' towards 'fiscal abyss': China's Xinhua
Jan 2nd 2013, 09:23

BEIJING (Reuters) - The last-minute U.S. deal over tax increases has fixed one problem, but the world's largest economy must get to grips with a budget deficit that threatens not a "fiscal cliff" but a "fiscal abyss", China's Xinhua news agency said on Wednesday.

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