Published on Jan 2, 2013
http://www.euronews.com/ After months of budget brinkmanship, Americans are digesting news that the country has been pulled back from the edge of a so-called "fiscal cliff."
In what is seen as a clear victory for president Barack Obama, painful tax hikes for almost all US households have been averted.
Obama cut short a Christmas holiday to help finalise the deal.
The agreement raises taxes for the wealthy, while spending cuts have been delayed for two months.
Ordinary Americans will not emerge completely unscathed though. A temporary payroll tax cut is coming to an end.
...In what is seen as a clear victory for president Barack Obama, painful tax hikes for almost all US households have been averted.
Obama cut short a Christmas holiday to help finalise the deal.
The agreement raises taxes for the wealthy, while spending cuts have been delayed for two months.
Ordinary Americans will not emerge completely unscathed though. A temporary payroll tax cut is coming to an end.
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