Tuesday 1 January 2013

BBC News - US Senate passes key deal to avoid tax rises

BBC News - US Senate passes key deal to avoid tax rises:
The US Senate has approved a deal on avert a combination of tax hikes and spending cuts known the "fiscal cliff".

The bill, which raises taxes for the wealthy, came after lengthy talks between Vice-President Joe Biden and Senate Republicans.

The House is due to consider it later. Spending cuts have been delayed for two months to allow a wider agreement.

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