A scheduled vote by US Republicans on measures to include a tax increase on income above $1 million was cancelled last night.
The dramatic twist threw into disarray attempts to head off the much-feared "fiscal cliff": $600 billion worth of indiscriminate tax hikes and spending cuts that could push the US economy into recession next year.
House of Representatives Speaker John Boehner failed to secure backing from his proposal, designed to extract concessions from President Barack Obama...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team