OutFront live Mon. – Fri. 7p ET

The captain of the sunken ferry in South Korea was formally charged and is in custody, state-run media reported early Saturday, citing prosecutors and police. Erin Burnett has more.
January 2nd, 2013
12:09 AM ET

Obama to sign fiscal cliff legislation: "The House worked its will" says Rep. Tom Cole

The House approved the Senate fiscal cliff bill late Tuesday - 257 votes in favor to 167 against.

The package (PDF) puts off budget cuts for two months and preserves Bush-era income tax cuts for individuals earning less than $400,000 or couples earning less than $450,000.

President Barack Obama delivered a statement at the White House, saying he will sign the legislation. 

"This law is just one step in a broader effort in strengthening our economy," Obama said.

OutFront tonight: One man responsible for wrangling Republican votes in the House - Deputy whip, Congressman Tom Cole (R-OK), who serves on both the Budget and Appropriations Committees.


Filed under: Economy • Fiscal Cliff • News • Politics
soundoff (No Responses)

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.