US lawmakers race to avoid 'fiscal cliff'
- 11 years ago
The "Fiscal Cliff" is a term used to describe the expiry of tax cuts going back to 2001.
If there's no deal - 88 per cent of Americans will end up paying 400 billion dollars more in taxes.
Al Jazeera's John Terrett reports from Washington, DC.
If there's no deal - 88 per cent of Americans will end up paying 400 billion dollars more in taxes.
Al Jazeera's John Terrett reports from Washington, DC.