Saturday, 10 November 2012 08:19
'According to a report published on Thursday, the international organization also called on the US officials to immediately reach an agreement on a permanent fix for what has become known as the fiscal cliff.
The fiscal cliff refers to a variety of tax increases and spending cuts that are set to kick in from January 1 unless Republicans and Democrats can come together with an alternative budget plan. Reaching an agreement is important to avoid spending cuts and automatic tax hikes at the start of 2013, IMF added.'
The fiscal cliff refers to a variety of tax increases and spending cuts that are set to kick in from January 1 unless Republicans and Democrats can come together with an alternative budget plan. Reaching an agreement is important to avoid spending cuts and automatic tax hikes at the start of 2013, IMF added.'
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