Tuesday, January 1, 2013

House Wavers on Cliff Compromise - WSJ.com

House Wavers on Cliff Compromise - WSJ.com: "WASHINGTON—House lawmakers meeting for a rare New Year's Day session emerged from lengthy closed-door meetings without embracing a Senate-passed budget deal that avoids the so-called fiscal cliff.

Republicans said party members are upset that the agreement does little to reduce federal spending, suggesting they may try to change an agreement that just hours earlier cleared the Senate in an 89-8 vote. The deal would boost income-tax rates for the first time in 20 years, maintain unemployment benefits and delay spending cuts that were part of the fiscal cliff."

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