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U.S. Senate approves bill to avert 'fiscal cliff'

WASHINGTON: The U.S. Senate on Tuesday,two hours after a Dec. 31 deadline had lapsed, approved legislation aimed at averting the "fiscal cliff" by stopping most tax hikes and across-the-board...

By
AFP
|

January 01, 2013

U.S. Senate approves bill to avert 'fiscal cliff'
WASHINGTON: The U.S. Senate on Tuesday,two hours after a Dec. 31 deadline had lapsed, approved legislation aimed at averting the "fiscal cliff" by stopping most tax hikes and across-the-board spending cuts that were due to begin with the new year.

The House of Representatives still must approve the measure,possibly on Tuesday.

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