"Cliff" spending cuts on hold

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"Cliff" spending cuts on hold

by CBSTV Videos 2:52 mins

"Cliff" spending cuts on hold

by CBSTV Videos 2:52 mins

The "fiscal cliff" has been averted, thanks to a deal passed by Congress. But, as Nancy Cordes reports, the spending cuts that were supposed to be a part of it, have been put off for two months -- setting the stage for another spending fight.

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