Senate Majority Leader Harry Reid
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US Senate leader Harry Reid voices fiscal cliff fear

27 December 2012 Last updated at 17:19 GMT

The US appears to be heading over the "fiscal cliff", with prospects dim for a deal to avoid tax rises and spending cuts, the US Senate leader says.

Speaking on the Senate floor, Democrat Harry Reid said there did not seem to be enough time to craft a deal before Monday night's end-of-year deadline.