Political deadlock in Washington could threaten US growth and drag down the spluttering global economy unless US Congress and the Obama administration can resolve the so-called 'fiscal cliff' in the US, according to International Monetary Fund (IMF) managing director Christine Lagarde.
US lawmakers need to agree on alternatives to a set of tax cuts – the majority of which were made under the George W Bush administration – that are due to expire at the end of 2012 as well as resolve a series of a
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