December 24th, 2012
12:15 PM ET
2 years ago

Down to the fiscal cliff wire, with no solution in sight

(CNN) - Call it a bigger, bolder version of the deadline-driven congressional stalemates over taxes and spending that have come to define Washington dysfunction of the past two years.

The latest edition of political "blinksmanship" pits President Barack Obama and Democrats against Speaker John Boehner and Republicans on how to avoid the fiscal cliff - automatic tax increases for everyone and deep spending cuts including the military that will be triggered in the new year without an agreement.

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Filed under: Fiscal Cliff