Dec 28, 2012, 02.00 AM IST | Source: Reuters

U.S. House sets Sunday session as fiscal cliff deadline nears

USA-FISCAL-HOUSE-SESSION-SUNDAY:U.S. House sets Sunday session as fiscal cliff deadline nears

WASHINGTON (Reuters) - The U.S. House of Representatives will hold a work session on Sunday beginning at 6:30 p.m. EST (2330 GMT), a day before the December 31 deadline for reaching a deal that would avert the "fiscal cliff."

A senior House Republican aide confirmed that House members were being called back to Washington. The House went on recess a week ago amid a deadlock on how to resolve ways to avoid $600 billion in potentially harmful tax increases and spending cuts.

(Reporting By Richard Cowan; Editing by Sandra Maler)

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1716.75 10.45 0.61%

129145

Bought today

86953

Sold today

1.59%

User holding

video of the day

Ambit Cap eyes two years of market cheer; bets on cyclicals

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.