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Fiscal Cliff

House Minority Leader Nancy Pelosi of Calif., right, walks down a staircase on Capitol Hill in Washington, Tuesday, Jan. 1, 2013, to a Democratic caucus meeting with Vice President Joe Biden. Squarely in the spotlight, House Republicans began deciding their next move Tuesday after the Senate overwhelmingly approved compromise legislation negating a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and other government agencies.

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