President Barack Obama has been accused by a senior Republican of being eager to take the US over the fiscal cliff for political gain, as Washington edges closer to a year-end deadline with no deal in sight.
Barack Obama left Washington with his family for a Christmas break in Hawaii on Friday night, an acknowledgment that weeks of negotiation over the economy's looming crisis had ground to a halt.
With gloomy economic forecasts, falling consumer confidence and poor retail figures adding to concerns over talk of the U.K. leaving the European Union, 2013 is set to be a tough year for the country, analysts say.
Thanks to the persistence of MayorWatch Londoners now know that Barclays Bank has so far coughed up £13.43m towards the cost of Boris Johnson's cycle hire scheme out of a potential maximum of £50m by 2018.
As millions of people prepared to meet their fiery Mayan deaths , one man remained cool and calm.
The stand-off between the White House and Congress over the 'fiscal cliff' turned into a full-blown crisis on Thursday night when Republican House Speaker John Boehner was publicly humiliated, unable to command enough support to secure passage of his own bill.