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Wednesday, January 02, 2013
Crisis averted: Fiscal cliff bill clears Congress - Jake Sherman and Carrie Budoff Brown - POLITICO.com - Washington just barely avoided plummeting off the fiscal cliff. With a rare late-night vote on New Year’s Day, the House passed a bipartisan compromise to extend the majority of Bush-era tax cuts, delay automatic spending reductions and fix a number of expiring tax and spending provisions. The final vote was 257-167, passing with the help of an overwhelming majority of Democrats and only 85 Republicans.
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