The US House of Representatives voted just after 4am to avert the US "fiscal cliff" sparing most Americans from tax hikes, spending cuts and the threat of a US recession in 2013.
President Barack Obama is expected to quickly give his signature to the measure. The 257-167 vote relied heavily on Democratic votes to win passage. It ended hard-fought negotiations over tax rates.
But it leaves many budget issues unresolved before another fiscal deadline in about two months - the need to raise the federal borrowing limit.