'Fiscal cliff' deal by Senate could help avoid recession
Photo credit: Getty Images | U.S. Sen. Dick Durban (D-Il) walks in the halls of the U.S. Senate in Washington, DC after attending a Democrat Caucus on solving the impending fiscal cliff. The White House and top Republicans struck a deal to avert huge New Year tax hikes and spending cuts known as the "fiscal cliff" that had threatened to send the US economy into recession. (Dec. 31, 2012)
Videos
Fiscal cliff deal passed by Senate, 89-8
Democratic aide: 'Fiscal cliff' deal reached
Boehner: Obama Not Standing Up to Democrats
Galleries
President Barack Obama
Cartoonists visit the 'fiscal cliff'
Cartoonists on the Norquist pledge
Web links
Viewsday: Analysis and opinion
A deal worked out by Senate leaders to avoid the "fiscal cliff" was far from any "grand bargain" of deficit reduction measures.
But if approved by the House of Representatives, it could help the country steer clear of recession, although enough austerity would remain in place to likely keep the economy growing at a lackluster pace.
The Senate approved a last-minute deal early Tuesday...
