As global stock markets made their 2013 debut, the House of Representatives
passed a deal between the White House and Senate Republicans to raise taxes on
the rich and put off automatic $109 billion budget cuts for two
months.
The deal passed the Senate early on Tuesday, but its fate hung in
the balance for hours as House conservatives sought to amend it to include big
spending cuts, which would likely have killed it.
In the end, the House
voted 257 votes to 167 to pass the original bill with minority Democrats joining
a smaller number of majority Republicans to pass the legislation after a
bitterly contested and unusual session on New Year's Day.
President
Barack Obama planned to make brief remarks at the White House within minutes of
passage of the deal, which relieved investors who ......Mr. Market is in a good mood! The Fiscal Cliff has been averted!
As global stock markets made their 2013 debut, the House of Representatives
passed a deal between the White House and Senate Republicans to raise taxes on
the rich and put off automatic $109 billion budget cuts for two
months.
The deal passed the Senate early on Tuesday, but its fate hung in
the balance for hours as House conservatives sought to amend it to include big
spending cuts, which would likely have killed it.
In the end, the House
voted 257 votes to 167 to pass the original bill with minority Democrats joining
a smaller number of majority Republicans to pass the legislation after a
bitterly contested and unusual session on New Year's Day.
President
Barack Obama planned to make brief remarks at the White House within minutes of
passage of the deal, which relieved investors who ......
As global stock markets made their 2013 debut, the House of Representatives
passed a deal between the White House and Senate Republicans to raise taxes on
the rich and put off automatic $109 billion budget cuts for two
months.
The deal passed the Senate early on Tuesday, but its fate hung in
the balance for hours as House conservatives sought to amend it to include big
spending cuts, which would likely have killed it.
In the end, the House
voted 257 votes to 167 to pass the original bill with minority Democrats joining
a smaller number of majority Republicans to pass the legislation after a
bitterly contested and unusual session on New Year's Day.
President
Barack Obama planned to make brief remarks at the White House within minutes of
passage of the deal, which relieved investors who ......
