President Obama Expected to Sign Fiscal Cliff Bill

Wednesday, January 02, 2013

President Obama makes a statement alongside Vice President Biden. (Brendan Hoffman/Getty)

After passing the Senate 89-8, the House approved the fiscal cliff compromise negotiated by Vice President Joe Biden and Senate Minority Leader Mitch McConnell, concluding a battle over fiscal policy that's lasted two years.

Though Speaker John Boehner voted in favor of the bill, House majority leader Eric Candor voted no.

The bill raises taxes on those whose household incomes over $400,000 for individuals and $450,000 for couples, but it makes permanent tax cuts for income below that level.

Takeaway Washington correspondent Todd Zwillich has been following the deal.

Produced by:

Joseph Capriglione

Contributors:

Todd Zwillich

Comments [4]

unkerjay from Puget Sound, WA

Kids need this kind of constant supervision
to get anything done without this kind
of back biting...

Oh, wait...

Nevermind.

Jan. 02 2013 11:42 PM
unkerjay from Puget Sound, WA

Nice to see just how very much has changed since the re-election of Barack Obama.

So looking forward to the next four years of collaboration and cooperation.

Take EVERY decision right up to the wire.

Left OR Right is this really about fixing problems or just either having our way or making sure the other team doesn't have theirs?

Progress by accident.

That's leadership.

Yay.

Jan. 02 2013 05:28 PM
Larry Fisher from Brooklyn, N.Y.

This "Fiscal Cliff" was drawn out as a political move by the Republicans...They knew they were going to lose this battle, they just wanted it to go into extra innings and use up their bull-pen.

Jan. 02 2013 12:34 PM
listener

The puerile tone of the professional news coverage and the eagerness to start "stirring up" of trouble in the House leadership signals that crass politics and not avoiding financial collapse is by far the the main priority of an increasingly fatuous and partisan media.

Jan. 02 2013 09:20 AM

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