Latest updates: House approves fiscal cliff bill
Posted by CNN Political Unit
(CNN) – With bipartisan support, the House approved the fiscal cliff bill late Tuesday night after Republican leaders ultimately decided not to try and tack on an amendment to the Senate version of the legislation, which passed in the upper chamber around 2 a.m. ET Tuesday morning.
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.
The bill now heads to the president’s desk for his signature. Check back here for the latest updates.
Latest updates: House approves fiscal cliff bill – CNN Political Ticker – CNN.com Blogs