Wednesday, January 2, 2013

House staves off fiscal cliff, but more money squabbles lie ahead

Under none of them can the deal to avert the “fiscal cliff” be considered an economic success. The deal will not inject more consumer spending power into the economy this year compared with last year — in Keynesian terms, it does the opposite. It won

WASHINGTON (AP) — The Senate has passed legislation to block the impact of across-the-board tax increases and spending cuts that make up the fiscal cliff. The vote was an overwhelming 89-8 and came well after midnight

WASHINGTON (AP) — The Senate has passed legislation to block the impact of across-the-board tax increases and spending cuts that make up the fiscal cliff. The vote was an overwhelming 89-8 and came well after midnight

WASHINGTON -- A sharply divided House Republican leadership struggled to reach agreement on a measure to avoid part of the so-called “fiscal cliff,” as key members said they could not support the compromise approved early Tuesday by the Senate.

Washington (CNN) -- After exhaustive negotiations that strained the country's patience, the House approved a Senate bill to thwart a dreaded fiscal cliff. The 257-167 vote largely fell along partisan lines: 172 Democrats voted yes and 16 Democrats

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