President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House late Tuesday evening.
Credit Charles Dharapak / AP
The House of Representatives voted 257-167 late Tuesday to pass a Senate-approved compromise deal that stops large tax increases for 99 percent of Americans, and delays massive spending cuts for two months.
The bill now goes to President Obama, who is expected to sign it into law.
NPR's S.V. Date is reporting on the deal for our Newscast unit. Here's what he says:
"The eventual deal was hammered out by Senate Republican Leader Mitch McConnell and Vice President Joe Biden. It passed the Senate with overwhelming, bipartisan support.
Originally published on Sat December 22, 2012 6:50 pm
House Speaker John Boehner holds a press conference at the Capitol on Friday. The night before, he did not have enough backing from his own party to pass his fiscal cliff legislation.
Credit Win McNamee / Getty Images
"The House has done its part to avert this entire fiscal cliff," House Speaker John Boehner said Saturday in his weekly address.
He cited the measure that passed Thursday, which would reorganize the automatic spending cuts to protect the defense budget and cut deeper elsewhere. He also pointed to legislation that would stop all tax hikes on Jan. 1.
It's WEEKENDS on ALL THINGS CONSIDERED from NPR News. I'm Guy Raz.
It seems less and less likely that a deal to avert the fiscal cliff will be reached before the New Year. And much of that may have to do with a divided opposition. James Fallows of The Atlantic is with me now, as he is most Saturdays. Jim, hello.
As we've just heard, this breakdown in negotiations within the Republican Party is troubling for Speaker Boehner. It also stifles negotiations to avert the combination of deep spending cuts and tax increases. That will come without a bipartisan agreement.
We're joined by Norm Ornstein, an experienced observer of Congress and politics. He's resident scholar at the American Enterprise Institute. Thanks for being with us.
At a press conference Friday, President Obama urges Congress to pass a scaled-back package to avert end-of-year tax hikes and spending cuts.
Credit Mandel Ngan / AFP/Getty Images
In a news conference Friday, President Obama said there were still things the parties could agree on about the automatic tax-rate increases and spending cuts at the end of the year. But he said parties would have to work together to get a plan approved in the next 10 days.
"Call me a hopeless optimist, but I actually still think we can get it done," he said, after meeting with Senate Democratic leader Harry Reid and speaking to Republican House Speaker John Boehner.