US President Barack Obama returned to the White House last night and called on his Republican opponents to work with him to avert a looming fiscal crisis.
Mr Obama faces an uphill battle to end the partisan gridlock of a bitterly divided US Congress.
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A combination of dramatic spending cuts and tax increases are due to take effect on January the first but Democrats and Republicans cannot agree on how to reduce the budget deficit.
That’s top of Obama’s political agenda now, and it caused markets in the US and Europe to fall yesterday.
