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US Senate passes compromise to avert fiscal cliff

Other News Materials 1 January 2013 11:20 (UTC +04:00)
The US Senate overwhelmingly approved a compromise early Tuesday to avoid the worst impact of the so-called fiscal cliff about two hours after the midnight deadline at which the automatic tax hikes and spending cuts came into effect.
US Senate passes compromise to avert fiscal cliff

The US Senate overwhelmingly approved a compromise early Tuesday to avoid the worst impact of the so-called fiscal cliff about two hours after the midnight deadline at which the automatic tax hikes and spending cuts came into effect, DPA reported.

The 89-8 vote sent the measure to the House of Representatives, which was scheduled to meet later Tuesday. It could pass its own version of the bill.

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