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    Obama hails tax hikes for the rich in fiscal cliff deal

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    euronews (in English)

    by euronews (in English)

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    US President Barack Obama headed back to Hawaii on Wednesday and a Christmas holiday he cut short to help finalise a last minute fiscal cliff deal.

    During a late night session, Congress passed a Senate-backed bill, revising drastic tax hikes and spending cuts which economists feared could spark a new recession.

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