NCPSSM — Crisis averted: Fiscal cliff bill clears Congress

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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 for two months and fix a number of expiring tax and spending provisions. The final vote was 257-157, passing with 172 Democrats and 85 Republicans.

Source: ncpssm
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