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Returning to Washington after the holiday break, House Republicans called on the Senate to "act first" and avert the fiscal cliff. With prospects still murky for a deal before year's end, Gwen Ifill and guests discuss what government workers, Wall Street investors and taxpayers can expect if lawmakers miss the deadline.
Major corporate funding for the PBS NewsHour is provided by BNSF, Lincoln Financial Group and XQ Institute. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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