U.S. House of Representatives Speaker John Boehner voiced concern on Tuesday that a divided Washington may be unable to avoid a looming "fiscal cliff" at the end of this year that could push the country into a recession.
"I'm not confident at all," Boehner, the top Republican in Congress, said of the chances of success by Capitol Hill and the White House to resolve a number of fiscal issues, including expiring tax hikes for millions of Americans and automatic spending cuts, known as a sequester, totaling $1.2 trillion that will begin to go into effect in January.
Source: Reuters. Read full article. (link)