A man is lucky to be alive after his car ploughed through a fence and plummeted more than 30 meters over a Sydney cliff on Monday.
Markets worldwide rallied Wednesday after U.S. Congress averted the fiscal cliff, but the deal failed to address the massive spending that threatens the world's economic growth engine, analysts said.
The U.S. House of Representatives will hold a vote Tuesday night on the Senate-approved bill aimed at averting the so-called "fiscal cliff," local media reported.
U.S. lawmakers in the upper house of Congress on Sunday were attempting to strike a last- minute deal to solve the so-called "fiscal cliff", but the fate of the negotiations still remained in doubt.
U.S. Senate Majority Leader Harry Reid on Thursday urged Congress Republicans to come up with a plan that both chambers of the legislature could pass, so as to avert the impending "fiscal cliff."
U.S. Federal Reserve chairman Ben Bernanke Tuesday urged the Congress and Obama administration to strike a deal to avert the looming "fiscal cliff", saying the combination of tax hikes and spending cuts would pose a " substantial threat" to the country's economic recovery.
The combination of tax hikes and spending cuts would pose a " substantial threat" to U.S. economic recovery.
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