Monday, December 31, 2012

U.S. 'Fiscal cliff' talks drag on - markets remain stable

U.S. President Obama on MSNBC's "Meet the Press" that aired on Dec. 30 2012

U.S. President Barack Obama has warned squabbling lawmakers that they must reach a deal on taxes and spending cuts or risk the consequences to the U.S. economy, as the clock ticked down to the drop over the dreaded fiscal cliff, which could see the United States slide back into recession.

The markets appeared Monday to be taking in stride the prospect that U.S. politicians will fail to agree a budget deal in

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