US on edge of fiscal cliff

After spending a record US$6 billion on the most bitter election campaign, politicians in the United States have resumed their headlong rush towards the fiscal cliff. Both newly re-elected President Barack Obama and House Speaker John Boehner have made conciliatory noises without actually making any bankable concessions.

via Business feed http://www.scmp.com/business/economy/article/1081851/us-edge-fiscal-cliff