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Taxes Remain Sticking Point in Fiscal Cliff Talks


With negotiations between White House officials and congressional staffers taking place behind the scenes, word came Monday that President Obama called House Speaker John Boehner and Senate Majority Leader Harry Reid over the holiday weekend to talk about avoiding the "fiscal cliff."

The development was the latest sign of progress in averting a mix of automatic spending cuts and tax increases set to take effect in January that both the administration and independent analysts have warned would have negative consequences for the country's economic well-being.

The Washington Post's Zachary Goldfarb and Lori Montgomery...