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President Obama will return to Washington overnight to appear to continue negotiations with House Republicans to look like he’s trying to avoid the so-called fiscal cliff next week.

The double-whammy of tax hikes and further steep budget cuts are set to take effect in the early hours of 2013 unless legislative agreement is reached to head off what the same two sides agreed to impose on themselves less than two years ago.

A new Gallup Poll out this morning indicates that Americans, who reelected Obama last month, are finally beginning to see through his political fiscal strategy. Fully 48% of Americans are now doubtful an agreement will be reached, up eight points in the last seven days.

And today, only 50% of Americans still believe an agreement will come, down seven points in the last seven days.

Read More At IBD: http://www.investors.com