With bipartisan support, the House approved the fiscal cliff bill late Tuesday night after Republicans leaders ultimately decided not to try and tack on an amendment to the Senate version of the legislation.
The package (PDF) puts off budget cuts for two months and preserves Bush-era income tax cuts for individuals earning less than $400,000 or couples earning less than $450,000. For a timeline of yesterday's action, click here.
The bill now heads to the president's desk for his signatureFULL STORY
Coast Guard aircraft have found no sign of a spill from a Royal Dutch Shell oil drilling barge that ran aground off a southern Alaska island during a fierce winter storm, authorities reported Tuesday.
The 266-foot Kulluk "is sound. There is no sign of a breach of the hull. There is no sign of a release of any product," Coast Guard Capt. Paul Mehler III told reporters Tuesday afternoon.
The rig – a key part in Shell's controversial Arctic oil exploration project - ran aground off Sitkalidak Island, about 200 miles south of Anchorage, on Monday night.
The Kulluk had been working in the Beaufort Sea, off Alaska's North Slope, until October. It was being towed back to its winter home in Seattle when it ran into a severe storm off the Alaskan coast. The Coast Guard evacuated its 18-man crew Saturday night, and it drifted for 10 hours on Sunday after the tug that was towing it lost power.FULL STORY
Outcry over a request for permission to sue the state of Connecticut for millions of dollars in the aftermath of the Newtown shooting prompted a New Haven attorney to at least temporarily withdraw his client's petition, the attorney said Tuesday.
"I was getting hundreds of (Facebook) comments" about the potential lawsuit. "So I figured I'd take (the request) off the table for now," said Irving Pinsky, who represents the parents of a 6-year-old survivor of the mass shooting at Sandy Hook elementary school.
Last week, Pinsky said in his filing that the state had failed to protect his client from what he described as "foreseeable harm."
The girl, identified only as Jill Doe, was at the school and apparently heard everything from gunfire to screaming over the intercom, Pinsky wrote in his Thursday letter to the state claims commissioner.FULL STORY
It seems we're not much closer to a deal on the fiscal cliff.
The finger-pointing and the one-liners from both sides continues as we wait to see if we'll get a vote from the House after the Democrat-led Senate passed a bill that would put off budget cuts for two months and preserve Bush-era income tax cuts for individuals earning less than $400,000 or couples earning less than $450,000.
And since I refuse to talk anymore about who is kicking a can down a road or any tired sports metaphors I’m just going to give you the latest quotes from both camps this afternoon as they try and sort this out.
[Updated 3:44 p.m. ET] Ivory Coast's president has declared three days of national mourning after a New Year's Day stampede that killed 60 people.
The horror unfolded about 1 a.m. after a New Year's Eve fireworks show in Abidjan, the West African country's largest city and former capital. The dead included 26 children, 28 women and six men, Youth Minister Alain Lobognon reported via Twitter.
Many of the victims were trampled on or suffocated by the surging crowd, a senior fire official said on national television. Rescue workers were at the scene two hours later but could not save the victims, the official AIP news agency said.
President Alassane Ouattara promised a speedy investigation.
"The president of the republic offers his saddest condolences to the families and close relations of the victims and ensures them of his compassion in those painful circumstances," Ouattara's office said in a statement issued Tuesday night.FULL STORY
The Senate did its part, so will the House follow suit today and pass a fiscal cliff package?
So far, the answer is, we really don't know.
House Majority Leader Eric Cantor's office says there's no decision yet on whether the House will vote today on the fiscal cliff deal passed by the Senate.
The deal, which passed the Democratic-controlled Senate in an overwhelming 89-8 vote in the middle of the night, would maintain tax cuts for individuals earning less than $400,000 and couples earning less than $450,000. Technically, it would reinstate cuts that expired at midnight.
The bill temporarily extends certain tax breaks, such as the one for college tuition, while making new tax rates permanent.
It would mark the first time in two decades that tax rates jump for the wealthiest Americans - giving some bragging rights to President Barack Obama, who has long insisted on such a move.
But it also leaves him breaking a promise. The president had vowed to raise tax rates for the top-earning 2% of Americans, including those with household income above $250,000.
We may be into the new year, but we've still got a fiscal cliff vote to deal with.
After the Senate finally voted a full two hours after a midnight deadline on Tuesday, they passed a deal to avert the feared fiscal cliff on an 89-8 vote.
Today, it will be the House of Representatives' turn, where the proposed package will go for a vote in the Republican-controlled chamber of Congress.
The package passed by the Senate would put off budget cuts for two months and preserve Bush-era income tax cuts for individuals earning less than $400,000 or couples earning less than $450,000.
"Glad it's over," said Senate Majority Leader Harry Reid, D-Nevada, after the vote. "We'll see if the Republicans in the House can become functional instead of dysfunctional."
A statement from House leadership made no promises.FULL STORY