Updated Wednesday, July 9, 2014 as of 11:58 PM ET

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Fiscal Cliff Looms Large in 'Mother of All Lame-Duck Sessions' in Congress

Kenneth Corbin

With the election over, when members of Congress return to Washington next week, the task awaiting them will be to hammer out what has been an elusive compromise on taxes and expenditures to avert the so-called fiscal cliff, a combination of tax increases and deep spending cuts set to take effect in January should lawmakers fail to act.

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