It is looking extremely unlikely that Republicans and Democrats can agree on a plan by the end of the year. Britain went over its own fiscal cliff a couple of years ago. Since then, it has imposed a series of painful budget cuts.
We get reaction from Brits hanging out on this holiday in an East End pub. They're not happy about the potential for a global economic fallout, but they also don't believe it will actually happen.
In recent weeks, several of Egypt's most popular and prominent satirists, talk show hosts and journalists have received formal complaints that their work has insulted President Mohamed Morsi.
With the influx of immigrants, some entrepreneurs in Columbia, Missouri are seeing an opportunity in the city's changing food culture, including the owner of Chong's, the city's oldest Asian grocery store.
Russian President Vladimir Putin has signaled he is likely to approve a bill which would ban adoption of Russian children by Americans.