'Fiscal Cliff': Congress Approves Compromise Aimed at Averting Recession

The House of Representatives has approved a bipartisan Senate deal to avert the "fiscal cliff" and preserve Bush-era tax cuts for all Americans making less than $400,000 per year. The compromise is now on its way to President Obama for his signature. "I will sign a law that raises taxes on the wealthiest two percent of Americans while preventing a middle class tax hike that could have sent the economy back into recession and obviously had a severe impact on families all across America," said...Full Story
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