The Straits Times
www.straitstimes.com
Published on Jan 01, 2013
 

US Senate approves bill to avert 'fiscal cliff' after Dec 31 deadline lapsed

 
 

WASHINGTON (REUTERS) - The US Senate on Tuesday, two hours after a Dec 31 deadline had lapsed, approved legislation aimed at averting the "fiscal cliff" by stopping most tax hikes and across-the-board spending cuts that were due to begin with the new year.

The House of Representatives still must approve the measure, possibly on Tuesday.