Tuesday, January 1, 2013

US Senate approves fiscal cliff deal

us senate

The US Senate has approved legislation aimed at averting the "fiscal cliff". The bill cleared the Senate by 89-8 votes. It came about two hours after the December the 31st deadline had lapsed.

The deal, which passed the Democratic-controlled Senate in an overwhelming 89-8 vote in the early hours of Tuesday, would maintain tax cuts for individuals earning less than $400,000 and couples earning less than $450,000. The House of Representatives is due to reconvene at noon, local time, Tuesday to take up the measure.

"The purpose of this meeting is to review what the Senate has passed, discuss potential options, and seek member feedback. No decision on the path forward is expected before another member meeting that will be held later today," one GOP leadership aide said

However, House Speaker John Boehner said earlier that decisions had not been made on whether he will allow amendments to the bill or hold a straight up-or-down vote. It needs the approval of both houses to become law.


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