'Fiscal Cliff' talks to resume at 4pm UK time

The US Congress resumes this morning without a deal to avert the 'fiscal cliff' and only a few hours of actual legislative time scheduled in which to act if an agreement materialises.

Negotiations are due to begin again at 4pm UK time.


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.