Fiscal Cliff Deal Reached

House vote next

CREATED Jan. 1, 2013

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  • Early hour agreement in Senate now heads to House vote. Video by fox4now.com

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 Legislation to stop across-the-board tax increases and sweeping spending cuts to the Pentagon and domestic agencies is headed to the House.  The Senate approved the bill in an early-morning, 89-8 vote, capping a New Year's Eve drama unlike any other in the annals of Congress.  The White House-backed legislation would prevent middle-class taxes from rising, and raise rates on incomes over $400,000 for individuals and $450,000 for couples.