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First Ladies: Influence and Image - Book
  • U.S. Economy / "Fiscal Cliff"

  • Congress Passes 'Fiscal Cliff' Legislation; President Signs Bill

    On Tuesday night by a vote of 257-167 the House passed HR 8, the Tax Relief Extension Act, which the Senate passed early Tuesday morning by a vote of 89 to 8. The so-called "fiscal cliff" agreement had been negotiated Monday between Senate Minority Leader Mitch McConnell (R-KY) and Vice President Joe Biden. The legislation keeps the Bush era tax cuts for individuals making less than $400,000 and couples making less that $450,000. It also makes permanent the fixes for the Alternative Minimum Tax and delays government spending cuts for two months. On Wednesday, the President signed the legislation which avoided the so called "fiscal cliff."  More »

  • #fiscalcliff

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  • Mentioned on C-SPAN

  • Washington Journal (late 2012)