WASHINGTON (AP) — Legislation to block the "fiscal cliff" is headed to the White House for President Barack Obama's signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.
Final approval came in the House on New Year's Night. The vote was 257 to 167.
The Senate passed the bill less than 24 hours earlier.
The measure raises tax rates on incomes over $400,000 for individuals and $450,000 for couples, a victory for Obama.
It also extends expiring unemployment benefits for the long-term jobless, prevents a cut in fees for doctors who treat Medicare patients and cancels a $900 pay increase due to lawmakers in March.
Another provision is designed to prevent a spike in milk prices.
Friday, May 17 2013 8:53 PM EDT2013-05-18 00:53:52 GMT
The New Jersey Sports and Exposition Authority has approved the master plan for the American Dream megamall in the Meadowlands sports complex. The approval at Friday's special board meeting means the
The New Jersey Sports and Exposition Authority has approved the master plan for the American Dream megamall in the Meadowlands sports complex. The approval at Friday's special board meeting means the
Friday, May 17 2013 1:09 PM EDT2013-05-17 17:09:46 GMT
Powerball's estimated jackpot has soared to a record $600 million dollars for Saturday's drawing because of brisk sales across the states involved in the lottery.
Powerball's estimated jackpot has soared to a record $600 million for Saturday's drawing because of brisk sales across the states involved in the lottery. The lump-sum cash value of the jackpot is an estimated $376.9 million.
Friday, May 17 2013 11:36 AM EDT2013-05-17 15:36:32 GMT
The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it.
The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it.
Friday, May 17 2013 11:04 AM EDT2013-05-17 15:04:49 GMT
(AP Photo/Charles Dharapak)
The Treasury Department's top investigator for tax matters is telling Congress that he is still investigating whether outside political pressure caused the Internal Revenue Service to improperly target conservative groups.
The Treasury Department's top investigator for tax matters is telling Congress that he is still investigating whether outside political pressure caused the Internal Revenue Service to improperly target conservative groups seeking tax-exempt status.
Friday, May 17 2013 6:46 AM EDT2013-05-17 10:46:58 GMT
The numbers sum up the frenzy that has taken over the Golden State since it joined the madness over Powerball, which has seen its jackpot soar to $550 million for Saturday's drawing.
The numbers sum up the frenzy that has taken over the Golden State since it joined the madness over Powerball, which has seen its jackpot soar to $550 million for Saturday's drawing.
Thursday, May 16 2013 2:49 PM EDT2013-05-16 18:49:22 GMT
Powerball's estimated jackpot has soared to $550 Million dollars for Saturday's drawing after none of the tickets sold for the Powerball game Wednesday evening matched all six numbers drawn.
Powerball's estimated jackpot has soared to $550 Million dollars for Saturday's drawing after none of the tickets sold for the Powerball game Wednesday evening matched all six numbers drawn.
Thursday, May 16 2013 1:40 PM EDT2013-05-16 17:40:30 GMT
A proposal to build a major Long Island casino with video slot machines is part of closed-door negotiations to expand casino gambling in New York.
A proposal to build a major Long Island casino with video slot machines is part of closed-door negotiations to expand casino gambling in New York, according to the head of the Nassau County Off-Track Betting Corp. and a legislative bill.
Thursday, May 16 2013 9:15 AM EDT2013-05-16 13:15:24 GMT
The Justice Department is opening a criminal investigation of the Internal Revenue Service.
The Justice Department is opening a criminal investigation of the Internal Revenue Service just as another probe concludes that lax management enabled agents to improperly target tea party groups for extra scrutiny when they applied for tax exempt status.
