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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.

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Republicans want US spending cut of $330 billion

Republicans in the US House of Representatives are seeking an amendment to "Fiscal Cliff" legislation that would cut spending by $330 billion. Republican Representative Darrell Issa said they are now weighing whether they will be able to get enough votes to pass such an amendment.

If not, they will hold an up-or-down vote on the Senate-passed measure, a Republican aide said.

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