BREAKING NEWS

US House approves legislation averting 'fiscal cliff'

By REUTERS

JANUARY 2, 2013 07:27

WASHINGTON - The US House of Representatives voted on Tuesday to avert the US "fiscal cliff," sparing most Americans from tax hikes and spending cuts that had threatened to plunge the US economy into recession in 2013.

The measure now moves to US President Barack Obama's desk for his signature, which is expected to come quickly. The 257-167 vote, which relied heavily on Democratic votes to win passage, ended hard-fought negotiations over tax rates but leaves many budget issues unresolved before another fiscal deadline in about two months - the need to raise the federal borrowing limit.

The IDF will transfer two additional reserve brigades to the Gaza Strip

By JERUSALEM POST STAFF

04/24/2024 10:47 AM

Court arrests Russian deputy defense minister on bribery charges

By REUTERS

04/24/2024 10:18 AM

Hezbollah rockets hit open areas in Shomera, IDF hits rocket launchers

By JERUSALEM POST STAFF

04/24/2024 09:56 AM

Germany to resume cooperation with Palestinian UNRWA agency

By REUTERS

04/24/2024 09:51 AM