At least publicly, there's no hint of progress in efforts to avoid the "fiscal cliff" -- with Republicans demanding that the White House outline specific spending cuts, and the White House saying it's already done so.
House Republicans' "fiscal cliff" counteroffer to President Barack Obama hints at billions of dollars in military cuts on top of the nearly $500 billion that the White House and Congress backed last year.
White House economists warn that the uncertainty of a potential hike in taxes next year for middle class taxpayers under the looming fiscal cliff could hurt consumer confidence during the crucial holiday shopping season.
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