US steps away from fiscal cliff

US politicians have stepped back from the fiscal cliff which many feared could prompt a new economic downturn.

US steps away from fiscal cliff
Tue, 01 Jan, 2013 - 10:21

US politicians have stepped back from the fiscal cliff which many feared could prompt a new economic downturn.

Early on New Year’s Day, the Democrat-dominated Senate passed legislation to block huge tax increases and spending cuts by an overwhelming 89-8.

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