Obama hurries back to Washington as U.S. budget talks enter last lap

12/26/2012 | Wall Street Journal, The · Wall Street Journal, The

The on-again, off-again U.S. budget talks are due to resume this week as President Barack Obama returns to Washington early from a vacation in Hawaii. Prospects for progress are uncertain, with US$500 billion in automatic spending cuts and tax increases to begin next week absent any agreement.

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Wall Street Journal, The · Wall Street Journal, The

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