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Why a 
deal on ‘cliff’ is difficult

WASHINGTON – The “fiscal cliff” crisis bundles together some of Washington’s toughest decisions – the ones lawmakers have dodged for years – and says settle them all right now. Or else. Yet bedrock differences between Democrats and Republicans stand in the way.

No wonder it’s hard to shake hands on a deal by New Year’s.

Failure is a lousy option, nonetheless. It would jeopardize the U.S. economy and reverberate around the world.

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