Shutdown averted but 'fiscal cliff' awaits

Print
Email
|

Associated Press

Posted on September 14, 2012 at 4:01 AM

Updated Friday, Sep 14 at 6:01 AM

WASHINGTON (AP) — The prospect of a one-two punch of tax increases and slashing, automatic spending cuts will still confront lawmakers when they return to Washington after Election Day.

The House on Thursday passed a six-month stopgap spending bill to keep agencies running past the end of the budget year, the elections and into the spring. That effectively scratches a major item from Congress' to-do list heading into a potentially brutal postelection session.

The bipartisan House vote for the measure sent it to the Senate, which is expected to clear the bill next week for President Barack Obama's signature.

Print
Email
|