House Votes To Pass 'Fiscal Cliff' Bill - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

NEWS

House Votes To Pass 'Fiscal Cliff' Bill

Posted: Updated:
[AP Photo] [AP Photo]
WASHINGTON -

Legislation to block the "fiscal cliff" is headed to the White House for President Barack Obama's signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.

1/1/2013 Related Story: Bill To Avert 'Fiscal Cliff' Heads To House

Final approval came in the House on New Year's Night. The vote was 257 to 167.

The Senate passed the bill fewer than 24 hours earlier.

The measure raises tax rates on incomes over $400,000 for individuals and $450,000 for couples, a victory for Obama.

It also extends expiring unemployment benefits for the long-term jobless, prevents a cut in fees for doctors who treat Medicare patients and cancels a $900 pay increase due to lawmakers in March.

Another provision is designed to prevent a spike in milk prices.

1/1/2013 Related Story: Oklahoma Senators React To Fiscal Cliff Deal

Special Features

Desktop Radar

Know when severe weather moves into Oklahoma! Download the I-News Desktop Radar.

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Mobile Alerts

Get breaking news, headlines, weather alerts & more on your cell phone.

Classifieds

Use our free classifieds to find the things you need or sell your items.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

ESP Interactive

Special Coverage

  • Bridge Tracker

    How safe are Oklahoma's bridges? Use Bridge Tracker to find out now.

  • Crime Tracker

    Find out what crimes are committed in your area with Crime Tracker.

  • Fallen Heroes

    News 9 honors our fallen Oklahoma heroes. View our interactive timeline.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Road Trip

    News 9 is on the move with a new series, Road Trip Oklahoma. See who we're visiting!

  • Storm Zone

    Watch tornadoes tear across Oklahoma and learn how to stay safe!

  • Turnpike Timelines

    View a historical road map of Oklahoma's turnpike system.

Powered by WorldNow
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
OKLAHOMA CITY'S OWN TM
Oklahoma's Own News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state including Oklahoma City's Own.
All content © Copyright 2000 - 2014, WorldNow and KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.