'Fiscal cliff' vote may not happen before midnight deadline

The US House of Representatives may not vote on any "fiscal cliff" deal before the midnight deadline, which is likely to push the vote in to the New Year a Republic aide has told Reuters.

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.