Belfast Telegraph

Friday 4 September 2015

Obama must avoid 'fiscal cliff'

Published 08/11/2012

The euphoria surrounding President Barack Obama's re-election proved to be short-lived as investors' focus switched to the approaching 'fiscal cliff' in the US.

The FTSE 100 lost earlier gains to stand 1% lower as uncertainty settled in over how the president can avoid a raft of automatic tax increases and spending cuts.

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