Wednesday, January 2, 2013

Obama praises House vote on "fiscal cliff" deal

U.S. President Barack Obama. PHOTO/Charles Dharapak

Obama: "Fiscal cliff" deal follows principle that deficit needs to be cut in a balanced way.

President Barack Obama said Tuesday he had fulfilled a campaign promise to make the US tax system fairer with a deal to avert the 'fiscal cliff' crisis that passed after a fierce duel in Congress.

Mr. Obama also warned that he would not bargain with Republicans in Congress or offer spending cuts in return for lifting the government’s

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