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Fiscal cliff looms over Obama second term

Nov 7 2012  Barack Obama has won a second term in the White House, but there are $600bn of spending cuts and tax rises looming at the end of the year. Michael Hampden-Turner, macro-strategist at Citi outlines to Alphaville's Lisa Pollack market worries that US lawmakers could prefer to go over the so-called fiscal cliff rather than cut a deal.  (5m 8sec)
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Produced by Darryl Thomson. Filmed by James MacDonald and Rod Fitzgerald.
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