Vice President Joe Biden to meet House Democrats
The US Vice President Joe Biden will meet with fellow Democrats in the House of Representatives today to discuss the "fiscal cliff" deal that he forged with Senate Republican Leader Mitch McConnell, a Democratic aide said.
Biden needed to help sell Senate Democrats on the deal before they joined Republicans at about 2am local time (7am GMT) in approving the measure.
America's budget crisis has been averted, but not solved
America's financial crisis has been averted, not solved. We've had the fiscal cliff. Now get ready for the debt abyss.
What is America's 'fiscal cliff'?
Democrats and Republicans have so far failed to agree on an alternative plan to the tax increases and spending cuts scheduled for January 1.