US Senate approves deal to avert ‘fiscal cliff’

AP: Early Tuesday morning the US Senate passed a deal to avert the ‘fiscal cliff.’ The legislation will now move to the House of Representatives where a vote is expected before Wednesday.

The White House-backed 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.

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