U.S. runs out of road as fiscal cliff looms

* Fiscal tightening would hit U.S., world economy hard. * Deadlock dims hopes for housing-led recovery. * Abe cabinet to take office pledging to reflate Japan. The wheels could come off the U.S. economy even before it has shifted out of second gear unless politicians reach a last-minute dea…

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U.S. runs out of road as fiscal cliff looms

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