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Senate passes 'fiscal cliff' deal
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The US Senate passed a White House-backed deal to avert the 'fiscal cliff' early on Jan. 1, 2013. The legislation will now move to the House of Representatives where a vote is expected in the next 24 hours.
The deal raises taxes on incomes of more than $400,000 for individuals and on incomes of more than $450,000 for couples. The measure also temporarily blocks spending cuts for two months. - The Washington Post
President Obama: 'I am very open to compromise,' says Medicare must be reformed without hurting seniors - @NBCNews
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US House votes to adopt Senate 'fiscal cliff' plan, averting mandated spending cuts, tax hikes - from broadcast
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Minority Whip Hoyer, D-MD: "I severely regret that this is not a big bold and balanced plan." "But tonight we take a positive step."
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Moran D-VA: "We're gonna look back on this night and regret it." Bill creates 3 more fiscal cliffs: Debt Limit, Continuing Res., sequester.
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@SpeakerBoehner voted YEA on the rule for the #fiscalcliff legis, his first vote since April 27, 2012 (Speakers rarely vote)
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Rep. Darrell Issa, R-CA, opposes 'cliff' bill. Says it adds $4-trillion in new debt and no method to pay for it.
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@NancyPelosi crosses aisle to embrace retiring GOP Calif Rep David Dreier, who receives bipartisan applause as he closes final floor speech
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