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US approaches the fiscal cliff

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Published on Nov 28, 2012

Americans are waiting, watching, and wondering what their politicians are doing right now.

Economists say if they do not pass legislation by the end of the year -- taxes go up, federal spending is cut and it will lead to a recession.

So where are they in trying to figure out a solution to what is now called a fiscal cliff?

Patty Culhane, Al Jazeera's White House Correspondent, takes a look at how close they are to the edge.

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