Asia holds breath as U.S. fiscal talks go to the wire
The U.S. Senate early on Tuesday passed a bill that aims to avoid the “fiscal cliff” of $600 billion in automatic spending cuts and tax increases.
However, the package immediately ran into opposition from House Republicans, who were meeting to decide whether to reject or amend the bill .
“Frankly, we don’t know what to make of it all. It’s like a circus there,” said one exasperated forex dealer at an Australian bank in Sydney.
