US Senate passes compromise to avert fiscal cliff

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.