Posted: Dec 25, 2012 11:31 PM by The Associated Press
HONOLULU (AP) - President Barack Obama is expected to be back in Washington early Thursday so that he and congressional Republicans can work out a plan to avert the across-the-board tax increases and cuts to domestic programs due to automatically take effect in January.
Obama has been vacationing in Hawaii. Many economists say failure to reach an agreement could send the country back into recession.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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