US "Fiscal Cliff" Bill passes though House
The US "Fiscal Cliff" Bill vote has passed through the House of Representitives after enough yes votes saw it move beyond the threshold for approval. US House Speaker John Boehner was among those voting yes in the vote. Some 217 votes were needed.
With counting still taking place, current totals stand at 257 yes and 167 no.
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.