Obama signs order to begin spending cuts
Credit: Getty Images
WASHINGTON, DC - DECEMBER 31: U.S. President Barack Obama delivers remarks about the fiscal cliff negotiations in the Eisenhower Executive Office Building next to the White House December 31, 2012 in Washington, DC. Obama said he was hopeful that an agreement could be found to avert the fiscal cliff in Congress, which is closing in on a deal that would raise taxes on households that make more than $450,000 a year and individuals who make more than $400,000. (Photo by Chip Somodevilla/Getty Images)
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