Fiscal Cliff Deal Reached
House vote next
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.
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