Senior aide: US Senate leaders still have no 'fiscal cliff' deal

A senior aide told Reuters that US Senate leaders still have no 'fiscal cliff' deal and with time running out, it is uncertain if they will get one.

Advertisement

Obama hails US budget deal

Barack Obama has hailed a deal to avoid a "fiscal cliff" of stark tax hikes and spending cuts. The US House of Representatives backed the bill by 257 votes to 167.