Tuesday, January 01, 2013

Senate sends bill to House to avert fiscal cliff

In the early morning hour of the new year the US Senate passed a bill that would temporarily extend tax cuts for those incomes below 400,000.
The House GOP has doubts because there are no significant spending cuts that would make serious commitment to debt reduction.
It is not clear at this time whether the House will vote on the bill tonight. The next congress is set to convene on Thursday.

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