Updated Friday, August 1, 2014 as of 11:56 AM ET

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As Fiscal Cliff Nears and Debt Ceiling Looms, Year-End Deadline Could Slip

Kenneth Corbin

As the week winds down with lawmakers and the White House still at odds over dueling proposals to avert the fiscal cliff, a growing number of voices in the debate are suggesting that the year-end deadline could pass without a deal, initiating a set of across-the-board tax increases and automatic spending cuts.

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