Republicans want US spending cut of $330 billion
Republicans in the US House of Representatives are seeking an amendment to "Fiscal Cliff" legislation that would cut spending by $330 billion. Republican Representative Darrell Issa said they are now weighing whether they will be able to get enough votes to pass such an amendment.
If not, they will hold an up-or-down vote on the Senate-passed measure, a Republican aide said.
America's budget crisis has been averted, but not solved
America's financial crisis has been averted, not solved. We've had the fiscal cliff. Now get ready for the debt abyss.
What is America's 'fiscal cliff'?
Democrats and Republicans have so far failed to agree on an alternative plan to the tax increases and spending cuts scheduled for January 1.