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

WASHINGTON Tue Jan 1, 2013 1:56am EST

Related Topics

WASHINGTON Jan 1 (Reuters) - 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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.