American economy

Congress has started its climb back up the “fiscal cliff.”

After House Republicans finally relented to the Senate’s “far from perfect” plan (as many members put it), the House Tuesday night passed the bill 257-167 with GOP and Democratic support.

The bill received 85 Republican votes, after GOP lawmakers huddled for hours Tuesday, wringing their hands over the lack of spending cuts in the bill. House leaders considered holding a vote on an amendment to add a $323 billion package of spending cuts, but the Democratic-led Senate said it wouldn’t accept an amended bill. Democrats, while also expressing concerns about the deal, largely supported the measure with just 16 voting against it.
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