House approves the "fiscal cliff" bill - 19 Action News|Cleveland, OH|News, Weather, Sports

House approves the "fiscal cliff" bill

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WASHINGTON DC (CNN) -

With bipartisan support, the House approved the fiscal cliff bill late Tuesday night after Republicans leaders ultimately decided not to try and tack on an amendment to the Senate version of the legislation.

The package (PDF) puts off budget cuts for two months and preserves Bush-era income tax cuts for individuals earning less than $400,000 or couples earning less than $450,000. For a timeline of yesterday's action, click here.

The bill now heads to the president's desk for his signature.

For more on this story, click on the link below:
http://politicalticker.blogs.cnn.com/2013/01/01/latest-updates-house-readies-for-fiscal-cliff-vote/?hpt=hp_t1

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