January 3, 2013
Speaker of the House John Boehner, R-Ohio, left, joined by House Majority Leader Eric Cantor, R-Va., returns to his office after speaking to reporters on the fiscal cliff negotiations, at the Capitol in Washington, Friday, Dec. 21, 2012. Hopes for avoiding the "fiscal cliff" that threatens the U.S. economy fell Friday after fighting among congressional Republicans cast doubt on whether any deal reached with President Barack Obama could win approval ahead of automatic tax increases and deep spending cuts kick in Jan. 1.
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Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, but the bill does not specify a dollar amount.