Tuesday, January 1, 2013

Congress approves fiscal cliff deal — MSNBC

Congress approves fiscal cliff deal — MSNBC

House Republicans approved a bill put forward by the Senate to avoid the fiscal cliff Tuesday night after a long day of discussions and debates. The bill passed with a vote of 257 to 167.
Speaker John Boehner voted yes, while House Majority Leader Eric Cantor voted against it. The bill will now make its way to President Obama, who confirmed Tuesday night that he will sign it.
“This law is one more step in the broader effort to strengthen our economy and broaden opportunity,” Obama said in a press conference Tuesday after the House’s vote. He added that the deficit was still too high, and said that there will be no more debate over raising the debt ceiling. “We cannot pay bills we’ve already incurred.”

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