Which Way, L.A.?
Hanging Ten on the Fiscal Cliff: Congress Pulls Back from the Edge
It was down to the wire on Capitol Hill yesterday. In the end, lawmakers stepped back from the so-called fiscal cliff when the House voted to pass a Senate bill that increases taxes on households earning more than $450,000 and postpones $110 billion in spending cuts through the end of February.
By Sara Terry • • 1 min readIt was down to the wire on Capitol Hill yesterday. In the end, lawmakers stepped back from the so-called fiscal cliff when the House voted to pass a Senate bill that increases taxes on households earning more than $450,000 and postpones $110 billion in spending cuts through the end of February. What's next on the agenda for dealing with the nation's fiscal challenges? Who compromised on what to reach the bipartisan plan? Is anyone actually happy about the deal? With fierce battles ahead, what happens to bipartisanship in the next rounds of fiscal wrestling?
