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January 1, 2013 12:10 am

Obama, Republicans Seal Budget Deal to Avert Fiscal Cliff

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Capitol Hill. Photo: wiki commons.

WSJ – President Barack Obama and congressional Republicans sealed a budget deal late on the final day of the year to avert the fiscal cliff that would raise income-tax rates for the first time in nearly 20 years, maintain unemployment benefits to millions of people and extend a number of tax breaks for families of modest means.

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