“Fiscal cliff” moves to House, timing and outcome uncertain
WASHINGTON (Reuters) – Washington’s last-minute scramble to step back from a recession-inducing "fiscal cliff" shifted to the Republican-controlled House of Representatives on Tuesday after the Senate approved a bipartisan deal to avoid steep tax hikes and spending cuts. In a rare late-night show of unity, the Senate voted 89 to 8 to raise some taxes on the wealthy while keeping income taxes low on more moderate income voters. The bill’s prospects were less certain in the House, where a vote had not yet been scheduled. . . .
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