House Approves Passage of 'Fiscal Cliff' Deal. - News, Weather and Sports for Lincoln, NE; KLKNTV.com

House Approves Passage of 'Fiscal Cliff' Deal.

Posted: Updated:

By: Channel 8 Newsroom

House Approves Passage of 'Fiscal Cliff' Deal.

Republicans have dropped their demands for additional spending cuts and are holding a House vote on whether to give final congressional approval to the Senate-approved compromise averting ``fiscal cliff'' tax increases and spending cuts.

A decision by the Republican-run House to amend the Senate-passed bill would have complicated prospects for final congressional passage of the measure. Senate Democratic aides have said the Democratic-led Senate, which overwhelmingly approved the compromise early Tuesday, would not return to vote on an amended version of the measure.

The measure would allow tax increases on the highest-earning Americans, but retain decade-old income tax cuts for everyone else.

  • Local HeadlinesLocal HeadlinesMore>>

  • Local church holds annual 'Egg Drop' Easter hunt

    Local church holds annual 'Egg Drop' Easter hunt

    Thousands filled Seacrest Field Sunday for Elevate Church's annual Egg Drop Easter hunt. More >>
    Thousands filled Seacrest Field Sunday for Elevate Church's annual Egg Drop Easter hunt. More >>
  • UPDATE: Officials identify 9-year-old accidentally killed in Ashland

    UPDATE: Officials identify 9-year-old accidentally killed in Ashland

    UPDATE: Officials identify 9-year-old accidentally killed in Ashland

    Officials says 9-year-old Grant Johnson died of his injuries after being accidentally run over by a Bobcat construction machine Saturday.More >>
    Officials says 9-year-old Grant Johnson died of his injuries after being accidentally run over by a Bobcat construction machine Saturday. More >>
  • Free Easter meal draws hundreds

    Free Easter meal draws hundreds

    Free Easter meal draws hundreds

    The 31st annual daVinci's Easter meal drew hundreds of people from across the community.More >>
    The 31st annual daVinci's Easter meal drew hundreds of people from across the community.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLKN. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.