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Obama Fiscal Cliff Statement: President Gives Speech On Dec. 31

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OBAMA FISCAL CLIFF STATEMENT
MANDEL NGAN/AFP/Getty Images) | Getty Images

President Barack Obama is giving a speech on the so-called fiscal cliff Monday at 1:30 p.m. with middle-class Americans, the White House announced.

His comments come as the Bush-era tax cuts and spending cuts mandated by Congress come take effect Tuesday. Also involved are other tax measures that would largely hit the middle class, and emergency unemployment insurance, which just expired for some 2 million people.

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