Bill To Avert Fiscal Cliff Leads To House - 47 ABC - Delmarva's Choice

Bill To Avert Fiscal Cliff Leads To House

Posted: Updated:

WASHINGTON (AP) - Legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and domestic agencies is headed to the House.
 
The Senate approved the bill in an early-morning, 89-8 vote, capping a New Year's Eve drama unlike any other in the annals of Congress.
 
The White House-backed legislation would prevent middle-class taxes from rising, and raise rates on incomes over $400,000 for individuals and $450,000 for couples.
 
The measure ensures that lawmakers will have to revisit difficult budget questions in coming weeks as relief from painful spending cuts expires and the government requires an increase in its borrowing cap.
 
House Speaker John Boehner pointedly refrained from endorsing the agreement, though he's promised a vote on it or a GOP alternative right away.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Homeless Sex Offenders

    Homeless Sex Offenders

    DELAWARE - Individuals featured in this slideshow are NOT wanted. They are sex offenders who have registered with Delaware State Police as homeless. These are public notifications.More >>
    DELAWARE - Individuals featured in this slideshow are NOT wanted. They are sex offenders who have registered with Delaware State Police as homeless. These are public notifications.More >>
  • Delaware Woman Gets Prison Time For Embezzlement

    Delaware Woman Gets Prison Time For Embezzlement

    Thursday, July 31 2014 12:15 PM EDT2014-07-31 16:15:29 GMT
    WILMINGTON, Del. (AP) - A Delaware woman has been sentenced to a year in federal prison after pleading guilty to embezzling more than $350,000 from Discover Financial Services in New Castle.More >>
    WILMINGTON, Del. (AP) - A Delaware woman has been sentenced to a year in federal prison after pleading guilty to embezzling more than $350,000 from Discover Financial Services in New Castle.More >>
  • Trimper's Amusements in OC May Face Lawsuit

    Trimper's Amusements in OC May Face Lawsuit

    Wednesday, July 30 2014 10:20 PM EDT2014-07-31 02:20:59 GMT
    OCEAN CITY, Md. - Trimper's Amusements in Ocean City may be facing a $1 million dollar personal injury lawsuit. 47 ABC reported on Sunday that Daily Record of Baltimore announced the lawsuit, but theMore >>
    OCEAN CITY, Md. - Trimper's Amusements in Ocean City may be facing a $1 million dollar personal injury lawsuit.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.