FE Editorial : Who’ll blink first?

Dec 07 2012, 02:12 IST
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SummaryWith a newly-emboldened President Obama unwilling to let the mildly-chastened Republicans push him around any more, the news coming out of Washington is getting scary, and the $600 billion fiscal cliff—a combination of cuts in federal spending and elimination of tax breaks—that will push the US into a recession looks increasingly probable next month.

whose social structure is changing dramatically, President Obama would do well to show some flexibility as well. Falling off the fiscal cliff can’t be a great idea, even if voters think John Boehner pushed him.

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