US Senate passes bill to avert 'fiscal cliff' tax hikes | Inquirer Business

US Senate passes bill to avert ‘fiscal cliff’ tax hikes

/ 03:19 PM January 01, 2013

Vice President Joe Biden speaks following a Senate Democratic caucus meeting about the fiscal cliff on Capitol Hill on Monday, Dec. 31, 2012 in Washington. AP/Alex Brandon

WASHINGTON–Coming together in the early hours of 2013, the US Senate overwhelmingly passed a last-gasp bill Tuesday to avert huge tax increases and draconian spending cuts making up the so-called “fiscal cliff.”

Lawmakers voted 89-9 to approve the measure, which now goes to the House of Representatives where it faces a less certain fate, although the chamber’s Republican Speaker John Boehner said he would bring the bill to the floor soon.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, economy, Fiscal cliff, tax, US, US Senate

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.