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Cliff averted (for now): Congress swerves away from the edge
At the 11th hour, the House of Representatives approves a last-ditch Senate bill extending tax cuts for most Americans and delaying deep spending cuts for two months. But the move sets up a new "fiscal cliff" in March, when $109 billion in across-the-board spending cuts kick in and the US hits the debt ceiling. (January 1, 2012) From: ReutersTV Views: 1073 6 ratings Time: 01:55 More in News & Politics