Friday, December 21, 2012

U.S. House passes fiscal cliff bill aimed at pressuring Obama

WASHINGTON, Dec 20 - The U.S. House of Representatives on Thursday narrowly passed a bill to cut domestic spending while protecting defense programs from a similar fate next year.

The measure, which Republicans said they crafted as a back-up plan in case broader "fiscal cliff" negotiations with President Barack Obama fail, will die in the Senate, according to Senate Majority Leader Harry Reid, a Democrat.

The bill passed 215 to 209.

The bill was one of two bills the House was set to vote on, which are being referred to as "Plan B" to averting the fiscal cliff.

Later on Thursday, the House is scheduled to vote on the second Republican "fiscal cliff" bill that would raise taxes on families with net incomes over $1 million annually while extending other tax breaks. The White House has said Obama would veto that bill.

Source: http://news.yahoo.com/u-house-passes-fiscal-cliff-bill-aimed-pressuring-234744353--business.html

palm sunday toure patti smith lottery winners lottery winners april fools day pranks ohio state vs kansas

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.