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Obama returns to capital for fiscal deal

New York TImes reports that US president Barack Obama is leaving his Christmas h0liday celebrations on Hawaii to go back to Washington and try to reach an agreement with the republicans to avoid the so called “fiscal cliff”, i.e. a number of automatic budget cuts and tax increases, that will kick in on 1 January 2013 unless the Congress and the White House cannot agree on actions that will improve the US economy. (Swedish dailies Dagens Nyheter and Svenska Dagbladet also note this piece of news.)

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