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  • Last day of the Parliamentary term today. Hopefully when we come back it will be...

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    • 10:18
  • Pat McFadden | Govt estimated £12bn would be raised by sale of student loan book. Policy droppe...

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  • Tactical error by Prime Minister not giving Liam Fox decent job - and ditching O...

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  • Another hot topic for Lords will be Bedroom Tax where Ld Freud will defend the i...

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    • 10:14
  • Big statement from @Ed_Miliband. He tells @HuffingtonPost "We oppose the Israeli...

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    • 10:09
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Senate passes 'fiscal cliff' deal

Senate passes 'fiscal cliff' deal
The US Senate has approved a deal on spending cuts and tax rises to avoid the impending 'fiscal cliff'.

The bill raises tax on incomes over $400,000 for individuals and $450,000 for couples, but would prevent middle-class taxes from rising.

Barack Obama has urged the House of Representatives to pass the agreement "without delay", saying it is "the right thing to do for our country".

Green Box: Senate passes 'fiscal cliff' dealClick to open

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