Senate approves fiscal cliff deal

Senate approves fiscal cliff deal

POSTED: Tuesday, January 1, 2013 - 7:21am

UPDATED: Tuesday, January 8, 2013 - 10:29pm

The Senate overwhelmingly approved a fiscal cliff deal early Tuesday.
The proposal passed in an 89 to eight vote.

The Senate package would keep the expiring Bush-era tax cuts in place for individuals earning less than $400,000 or couples making less than $450,000.

And unemployment insurance would be extended for a year for some two-million people.
The legislation now heads to the House for final approval.

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There are certain things people ought to know, as there are some effects of the fiscal cliff deal.

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