Negotiators focus on preventing tax increases on middle-class families but president says ‘grand bargain’ won’t happen The White House and Congress were close to reaching a deal Monday to resolve the fiscal cliff crisis that threatens the fragile US economic recovery. With only hours left until a midnight deadline for automatic tax rises and spending cuts, Barack Obama said agreement was within sight but discussions were continuing. If no deal was concluded, every taxpayer in America would be hit with steep rises from Tuesday

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