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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Vote shows strong support for 'Fiscal Cliff' Bill

The "Fiscal Cliff' bill will now go to the vote in the House of Representatives. Credit: Reuters

A bill to avert the US "fiscal cliff" by cancelling most scheduled tax hikes and delaying spending cuts cleared a procedural vote in the US House of Representatives by an overwhelming margin. It indicates strong support for final passage in a vote expected in the next few hours.

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