The U.S. House passed a bill undoing income tax increases formore than 99 percent of households, giving a victory to PresidentBarack Obama even as Republicans vowed to fight him in coming weeksfor spending cuts in exchange for raising the debt ceiling.
The 257-167 vote just after 11 p.m. yesterday capped atension-filled final push as Republicans balked at a bipartisanSenate bill. House Speaker John Boehner ordered a vote even though151 of 236 Republicans, including Majority Leader Eric Cantor,ultimately voted no. Obama said he'd sign it into law.
“The deficit needs to be reduced in a way that's balanced,”Obama said at the White House. He said top earners and corporationsshould pay even more and that Congress must raise the debt ceiling.“Everyone pays their fair share. Everyone does their part,” hesaid.
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