U.S. Senate approves bill to avert 'fiscal cliff'
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.
- Israel strikes house of Hamas Gaza leader, digs in for long fight |
- West agrees wider Russia sanctions as Kiev says forces near crash site |
- U.S. says Russia violated nuclear treaty, urges immediate talks
- Judge gives go-ahead for $2 billion sale of NBA's Clippers |
- Jaded Argentines brace for looming debt default