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States  US reaches 'fiscal cliff' deal  The House of
Representatives has approved stopgap legislation to block the
impact of tax increases and spending cuts. Lawmakers now have
two months to thrash out a deal on budget cuts.  "Senators
strike deal, happy new year," was one Twitter user's laconic
response to the legislation passed by the US Senate in the early
hours of 2013. Just two hours after the end of year deadline had
elapsed on Tuesday (01.01.2013), lawmakers overwhelmingly
approved legislation aimed at averting what has been dubbed the
"fiscal cliff": a range of automatic tax hikes and spending cuts
due to come into effect in the new year.  While the US did
technically go over the "fiscal cliff", the 89-8 vote approved
legislation aimed at softening the immediate impact of the
measures until a more lasting deal is struck.  Compromise deal
The White House-backed deal consists of a comprom