The US House of Representatives will not vote on Monday on an 11th-hour proposal to prevent the country from tottering over the so-called “fiscal cliff,” a senior Republican source told AFP.
US markets will not immediately feel the shock of the failure as January 1 is a public holiday, giving lawmakers a short breathing space in which to hammer out a stop-gap deal and pass it through the House and the Senate on Tuesday.
No House vote before US fiscal cliff deadline
