Divide over 'fiscal cliff'

Trading action on Wall Street is likely to retain its tentative edge over the new year, as uncertainty over the United States' financial future and its economy casts a pall over the market.

Investors are sticking to the sidelines, as political wrangling over the "fiscal cliff", a combination of federal spending cuts and tax increases scheduled to start next year, continues to divide Congress and the White House.

via Business feed http://www.scmp.com/business/money/article/1089159/divide-over-fiscal-cliff