Obama signs fiscal crisis deal
President Obama signed the fiscal crisis bill passed by Congress using an autopen while on vacation with his family in Hawaii, Fox News reports.
The bill, which averts a looming fiscal cliff that had threatened to plunge the nation back into recession, boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households.
It also extends expiring jobless benefits, prevents cuts in Medicare reimbursements to doctors and delays for two months billions of dollars in across-the-board spending cuts in defense and domestic programs.
The House approved the measure by a 257-167 vote late Tuesday, nearly 24 hours after the Democratic-led Senate passed it 89-8.