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Obama seeks scaled-down 'fiscal cliff' agreement

Published 12/22/2012, The Jamestown Sun

WASHINGTON (AP) — President Barack Obama has scaled back his ambitions for a sweeping budget bargain with Republicans. Instead, he's calling for a limited measure sufficient to prevent the government from careening off the "fiscal cliff" in January by extending tax cuts for most taxpayers and forestalling a painful set of agency budget cuts.

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