Fiscal cliff deal in danger after talks between Senate leaders break up with no deal in sight

As the new year deadline looms, few in Washington are optimistic about the deal
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House Democratic Caucus Chairman Rep. John Larson addresses the press in the US Capitol after last minute talks between Senate leaders stalled. \n(All images courtesy of AFP/Getty Images)
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Failure to reach a deal brings the prospect that America could plunge off the so-called 'fiscal cliff' at midnight on Monday.
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The deadline will automatically trigger a series of fiscal measures that experts have said could plunge the US back into a recession.
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If no deal is made, 88 percent of Americans will see their taxes rise on 1 January.
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A wave of deep spending cuts will see two million long-term unemployed people lose their benefits.