A measure to head off consequences of the fiscal cliff wins House approval. The Senate worked until the early morning hours on New Year's Day to send the legislation on to the House. Under terms of the agreement, Bush-era tax cuts for individuals making less than 400-thousand dollars a year and couples making 450-thousand will be extended, while the wealthiest Americans will see their taxes go up.
The final House vote was 257-167. The measure now heads to President Obama's desk for his signature.