Last-minute House vote averts fiscal cliff
With Vice President Joe Biden by his side, President Obama spoke from the White House after House passage of the fiscal cliff bill. “Thanks to the votes of Democrats and Republicans in Congress, I will sign a law that raises taxes on the wealthiest 2 percent of Americans while preventing a middle class tax hike that could've sent the economy back into recession and obviously had a severe impact on families all across America,” Obama said.
Posted: Wednesday, January 2, 2013 12:00 am
WASHINGTON — America is not going over the fiscal cliff, as the House of Representatives on Tuesday approved a last-minute deal to pull the nation away from the brink of economic chaos.
The vote came quick and without much controversy, a calm and collegial finish to a turbulent day. The House approved the measure by a vote of 257-167 and sent it to President Barack Obama for his signature.
Copyright ©2014 Omaha World-Herald. All rights reserved.
This material may not be published, broadcast, rewritten, displayed or redistributed for any purpose without permission from the Omaha World-Herald.
To purchase rights to republish this article, please contact The World-Herald Store.
Wednesday, January 2, 2013 12:00 am.