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Obama hails US budget deal

Barack Obama has hailed a deal to avoid a "fiscal cliff" of stark tax hikes and spending cuts. The US House of Representatives backed the bill by 257 votes to 167.

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USA heading for 'fiscal cliff' as time runs out

America's leaders are running out of time as the country stands on the precipice of the 'fiscal cliff' that is looming on New Year's Eve.

President Obama has increased the pressure on Republicans to reach a deal to avert steep spending cuts and tax rises as special meetings are held in Congress.

ITV News reporter Lewis Vaughan Jones speaks to a family facing a large tax hike if talks are not resolved:

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