Relief for Obama as the US avoids the "fiscal cliff"

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US president Barack Obama has given a measured welcome to the news that Congress has averted a fall off the so-called "fiscal cliff".

Politicians in the House of Representatives put aside their political differences to dramatically approve a compromise deal by 257 votes to 167, hoping to head off the hard-core programme of tax rises and spending cuts that kicked in on Tuesday.

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http://www.euronews.net/

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