Finance Chiefs Appeal for U.S. to Avoid From Fiscal Cliff
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The U.S. is facing pressure to avoid running off its fiscal cliff amid warnings that failure to change course would trigger another global recession.
“People are concerned,” U.K. Chancellor of the Exchequer George Osborne told reporters yesterday at the International Monetary Fund’s annual meeting in Tokyo. “There was quite a lot of discussion.” The IMF’s steering committee today said resolving the challenge is “essential.”