US Senate adjourns 'fiscal cliff' talks

The US Senate has adjourned for the day with no deal reached on the 'fiscal cliff' talks. Senator Richard Durbin said the Senate would reconvene tomorrow.

Read More: What is America's 'fiscal cliff' ?

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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.