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U.S. Senate Passes “Fiscal Cliff” Deal, House Republicans Get Next Move

By on January 1, 2013

LEGISLATION TO AVERT ACROSS-THE-BOARD TAX INCREASES AND SPENDING CUTS TO DOMESTIC PROGRAMS COMMONLY REFERRED TO AS THE “FISCAL CLIFF” IS HEADED TO THE UNITED STATES HOUSE OF REPRESENTATIVES…

 

 

THE U.S. SENATE APPROVED THE LEGISLATION EARLY TUESDAY MORNING IN AN 89-8 VOTE HOURS AFTER VICE PRESIDENT JOE BIDEN AND SENATE REPUBLICAN LEADER MITCH MCCONNELL SEALED A DEAL. HOUSE SPEAKER JOHN BOEHNER IS REFRAINING FROM ENDORSING THE AGREEMENT, BUT HE HAS PROMISED A VOTE ON IT OR A REPUBLICAN ALTERNATIVE RIGHT AWAY IN THE HOUSE.