House Approves 'Fiscal Cliff' Measure

NPR | Jan. 02, 2013 8:16 a.m.

Contributed By:

David Welna

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The House has followed the Senate, and passed a bipartisan compromise that permanently prevents tax rates from rising on household income below $450,000. It also puts deep spending cuts on hold until March. At the White House, President Obama hailed its passage. NPR's David Welna has more on the New Year's Day efforts to pullback from the "fiscal cliff."