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Dec. 24 Edition. The WSJ’s David Luhnow and Juan Forero say next year could spell trouble for leaders contending with tricky fiscal math. Plus, American Airlines briefly halts all flights, but a holiday travel meltdown is averted. And Nippon Steel’s plan to buy U.S. Steel is referred to President Biden for review. Luke Vargas hosts. Programming note: The next episode of What's News will be released midday Thursday. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices