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US House preparing to vote on Senate 'fiscal cliff' bill -Democrat Hastings

Source: Thomson Reuters Foundation - Wed, 2 Jan 2013 01:22 GMT
Author: Reuters
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WASHINGTON, Jan 1 (Reuters) - The U.S. House of Representatives is preparing to vote on the Senate's "fiscal cliff" bill, Democratic Representative Alcee Hastings said on Tuesday, increasing the odds that Congress will stave off steep tax hikes and spending cuts.

Hastings, a member of the House Rules Committee, said the panel was working out the procedure for voting on the Senate bill that raises taxes on families earning over ${esc.dollar}450,000 a year.

House Republicans had considered changing the Senate bill to add new spending cuts. But Republicans did not have enough support from their party to amend the bill, Hastings said.

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