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Cliff averted (for now): Congress swerves away from the edge (1:55) 

At the 11th hour, the House of Representatives approves a last-ditch Senate bill extending tax cuts for most Americans and delaying deep spending cuts for two months. But the move sets up a new ''fiscal cliff'' in March, when $109 billion in across-the-board spending cuts kick in and the U.S. hits the debt ceiling. (January 1, 2012)

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