The US Senate has passed a bill to avoid the so-called ‘fiscal cliff’.
Lawmakers voted 89 to 9 in favour of the measure to avoid huge tax increases and harsh spending cuts.
- Advertisement -
There were fears no agreement would be reached – which would have plunged America back into recession – with the knock-on effect felt globally.
The Bill will now pass to the House of Representatives where it faces a less certain fate.
Speaking ahead of the Senate vote, Vice President Joe Biden warned people not to pre-empt the House vote.
