Sen. Charles Schumer, D-NY, gestures to show how close he says the speaker and the president are to a deal on the fiscal cliff, during a news conference at the U.S. Capitol in Washington on Thursday.
Sen. Charles Schumer, D-NY, gestures to show how close he says the speaker and the president are to a deal on the fiscal cliff, during a news conference at the U.S. Capitol in Washington on Thursday.
Photo by Associated Press /Chattanooga Times Free Press .
published Thursday, December 20th, 2012
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WASHINGTON — Confronted with a revolt among the rank and file, House Republicans abruptly scrapped a vote Thursday night on legislation allowing tax rates to rise for households earning $1 million and up, complicating attempts to avoid a year-end “fiscal cliff” that threatens to send the economy into recession.

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