SUMMARY
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The deadline looms, and US President Barack Obama is pushing the Republican party to “take the deal” even as a stalemate looms. The uncertainty pushes US stocks down. Obama says Republicans find it “very hard” to say yes to him while a spokesman for House Speaker John Boehner called the White House “irrational.” The looming fiscal cliff weighs heavy on Asian trading Thursday even as the Bank of Japan announced plans to expand the size of its asset-purchase program. Asian shares are mixed because of negative sentiment.
Read more about the negotiations, how it pulled US stocks down and how negative sentiment weighed on Asia.
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