Obama Signs Fiscal Crisis Deal into Law
US President Barack Obama has signed legislation called the American Taxpayer Relief Act of 2012, according to reports.
The bill aims to undo or delay much of the fiscal cliff.
The bill boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households.
It also extends expiring jobless benefits, prevents cuts in Medicare reimbursements to doctors and delays for two months billions of dollars in across-the-board spending cuts in defense and domestic programs, Fox News has reminded.
Obama signed the bill into law after the House of Representatives passed it by 257 votes to 167.
It had been passed in the Senate less than 24 hours earlier by 89 votes to eight after lengthy talks between Vice-President Joe Biden and Senate Republicans.
- » Ankara Twin Blast Death Toll Rises to 86 - Turkey Health Min
- » Turkey's PKK Vows 'Halt to Action' If Not Attacked Anymore
- » Ankara Twin Blast Leaves at Least 30 Dead
- » Asylum Seekers Start Relocating from Italy to Sweden under EU Plan
- » Turkey’s Anadolu Agency Photojournalist Killed in Syria
- » Moldova to Build EUR 83 M Gas Pipeline to Chisinau from Border with Romania