The Ticker
Senate rings in New Year with plan to avert fiscal cliff
1/1/13 5:27am
A full two hours after a midnight deadline, the Senate overwhelmingly passed a deal Tuesday to avert the feared fiscal cliff on a 89-8 vote.
The Senate package would put off budget cuts for two months and preserve Bush-era income tax cuts for individuals earning less than $400,000 or couples earning less than $450,000.
The house still needs to vote on the package.
