U.S. Fiscal Cliff Threatens World Economy, Australia’s Swan Says

The U.S. needs to end its political gridlock in order to avert the so-called fiscal cliff that is jeopardizing a “fragile” recovery in the global economy, Australian Treasurer Wayne Swan said. “Without action by Congress, the consequences would be very grave,” Swan said in his e-mailed weekly not…

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U.S. Fiscal Cliff Threatens World Economy, Australia’s Swan Says