January 1st, 2013
07:03 AM ET
1 year ago

Senate passes package to avert fiscal cliff; House votes next

(CNN) - A full two hours after a midnight deadline, the Senate overwhelmingly passed a last-minute deal Tuesday to avert the feared fiscal cliff on a 89-8 vote.

The Senate package would put off budget cuts for two months and preserve Bush-era income tax cuts for individuals earning less than $400,000 or couples earning less than $450,000.

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Filed under: Fiscal Cliff • Senate
soundoff (One Response)
  1. Name lynn

    i know obama is a pain for them white house leaders an republicans because the tax bills they are putting on the table is worthless to president obama hes going to pass all the right tax bills for eveyone

    January 1, 2013 07:29 am at 7:29 am |