U.S. Congress finally Prevent 'fiscal gap'

U.S. Congress on Tuesday (1/1) late at night, eventually supported an agreement to prevent "fiscal gap" that includes tax increases and spending cuts in a number of countries.

The U.S. Senate had already approved the deal with 89 versus 8 voice vote on Tuesday morning. However, these results still have to be brought to the U.S. House of Representatives. U.S. House of Representatives, in turn, ultimately to vote on Tuesday late night with 257 votes in favor and the results of 167 votes against.

The deal would allow President Barack Obama to maintain tax cuts for most Americans but the people are super rich country will experience a tax increase.

Obama plans to make a brief statement at the White House a few hours after the House approved the agreement was a relief to investors who had worried that the ongoing stalemate could make global stock markets giddy.

Previous Obama has welcomed the Senate approval is given. "The leaders of both political parties in the Senate to sit together to reach an agreement that was widely supported by both parties to protect 98 percent of Americans and 97 percent of small businesses from the middle class tax increase," Obama said. "Although both Democrats and Republicans do not get what they want, now is the best deal that could be given to this country., And Parliament must approve it without delay," he added.

Agreement on additional taxes for the wealthy United States, reached after lengthy discussions with Vice President Joe Biden pre Republican members of the Senate. If an agreement is not reached then a fairly high tax increases would fall on all citizens of the U.S. working class.

Compromise reached on Monday night, making Americans who earn under 400 000 dollars per year free of income tax increases.

Democrats initially proposed a free citizen of an income tax increase is U.S. $ 250,000 per year.

In addition to avoiding the middle class from tax increases are big enough, the deal also makes the U.S. budget cuts could delay for at least two months. This condition allows the Congress and the White House to reopen negotiations.