Fiscal Cliff

Obama Cutting Short Hawaii Vacation to Return for Fiscal Cliff Negotiations

Headed back to Washington today

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President Barack Obama is cutting short his Hawaiian holiday to leave for Washington on Wednesday to address the unfinished "fiscal cliff" negotiations with Congress, the White House said on Tuesday.

As the clock ticks toward a January 1 deadline, efforts to avert a sharp rise in taxes and deep spending cuts have stalled, worrying world financial markets.