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US Will Go Over the 'Fiscal Cliff'

Monday, 31 Dec 2012 | 6:00 PM ET

The House of Representatives will not vote on anything tonight, so the U.S. will technically go "over the cliff," reports CNBC's John Harwood. CNBC's Steve Liesman, has the details on the emerging deal in Washington. Doug Holtz-Eakin, American Action Forum president, and CNBC Contributor Jared Bernstein, weigh in.