US House to vote to avert fiscal cliff
- Published: 1 Jan 2013 at 10.46
- Online news: World
After a day of twisting political drama, the US Congress was expected to finally endorse a deal to avert the "fiscal cliff" budget crisis that had threatened to unleash a new recession.
House Speaker John Boehner emerges from a meeting with House Republicans at the US Capitol on January 1, 2013 in Washington. After a day of twisting political drama, the US Congress was expected to finally endorse a deal to avert the "fiscal cliff" budget crisis that had threatened to unleash a new recession.
Hours before many major global financial markets make their 2013 debut, the House of Representatives was to vote on a bid to raise taxes on the rich and put off a $109 billion dollar program of spending cuts for two months.
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