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US housing groups brace for fiscal cliff

Dec 4 2012  For those on the receiving end of federal money, the fiscal discussions in Washington are nothing short of alarming. Already operating under tighter budgets following last year’s Budget Control Act, the discretionary programs funded by the federal government will certainly face some kind of cut — deal or no deal. The FT's Christopher Booker reports from New York City where housing and community development programmes are bracing for the worst  (4m 2sec)
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