While you were sleeping Progress on US budget deal

Tue, 01 Jan 2013

By Margreet Dietz Jan 2 (BusinessDesk) - The New Year could begin on a positive note if US lawmakers in the House of Representatives approve – as did their counterparts in the Senate – a deal that averts the worst impact of falling over the fiscal cliff. In an unusual New Year's Day session at around 2am Eastern standard time, the Senate voted in favour of a bipartisan deal that holds taxes at current rates for almost all but the wealthiest of Americans. The debate over spending cuts has been delayed for two months. House Republicans are set...

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