The U.S. House of Representatives passed a Senate bill on Tuesday night, giving the final congressional approval to the bipartisan compromise to avert the "fiscal cliff."
The Congressional Budget Office (CBO) on Tuesday said the Senate-passed bill to avert the "fiscal cliff" would add roughly 4 trillion dollars to federal deficit over a decade, largely because it would extend low tax rates for most Americans.
The U.S. House of Representatives will hold a vote Tuesday night on the Senate-approved bill aimed at averting the so-called "fiscal cliff," local media reported.
U.S. President Barack Obama on Wednesday announced a gun control task force led by Vice President Joe Biden. The inter-agency task force is charged with guiding the administration's continuing response to calls of gun control after the Newtown, Connecticut, massacre.
U.S. President Barack Obama said on Wednesday that he and the House Speaker John Boehner need to bridge a gap of "a few hundred billion dollars" on the "fiscal cliff" talks and expressed hope to strike a deal before Christmas.
U.S. President Barack Obama would veto the House Speaker John Boehner's "Plan B" proposal on " fiscal cliff", a combination of tax increases and spending cuts due on Jan. 1, 2013, the White House said Wednesday.
简体中文
