This is ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.
It looks like House lawmakers will take action on a compromise bill to avert the fiscal cliff. Early this morning, the Senate approved a compromise deal hammered out by Vice President Joe Biden and Senate Minority Leader Mitch McConnell. Now, it appears the House may follow suit, or at least they'll try. An up or down vote is scheduled later tonight.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish. And we begin this hour in limbo. Early this morning, barely two hours into the new year, the Senate voted 89 to 8 to keep tax rates just where they were last year for all household income up to $450,000. Midnight brought the expiration of those rates, along with a schedule of new, deep spending cuts that the Senate vote would delay. But that vote means nothing without the House acting as well.
Arizona's new 9th Congressional District is sending a different type of representative to Washington this week: She's young — 36. She grew up homeless for a time. And she'll be the first openly bisexual member of Congress.
Democrat Kyrsten Sinema marvels at the number of women, minorities and members of the LGBT community who will join her in the freshman class, which will be sworn in Thursday.
Sen.-elect Ted Cruz of Texas is a bright young Hispanic star who will be sworn in this week in Washington. The Republican Party nationally hopes Cruz will be part of the solution to its growing problem luring Hispanic voters.
Almost nobody had heard of Cruz when he began his campaign for the U.S. Senate. But when he stepped in front of a microphone, he could light up a room in a way that made the other Republican candidates seem lifeless.
This is TALK OF THE NATION. I'm Neal Conan in Washington. Early this morning, the Senate approved a fiscal cliff package that includes some important steps forward on taxes, an unemployment extension and a new farm bill, among others. But now it appears that bill may be in trouble in the House of Representatives. NPR senior Washington editor Ron Elving joins us now from his home here in Washington, D.C. Ron, Happy New Year.
This is TALK OF THE NATION. I'm Neal Conan. This afternoon, House Democrats and Republicans are meeting separately to consider the Senate-approved deal that would avert automatic tax hikes and spending cuts known as the fiscal cliff. Some House Republicans indicate they'd like to amend that bill and send it back to the Senate, which if it doesn't get done tonight could invalidate the negotiated deal. It would then become a problem for the next Congress, which takes office on Thursday. As of now, no vote is scheduled.
Originally published on Tue January 1, 2013 12:39 pm
A compromise deal to stop broad spending cuts and tax increases is headed to the House of Representatives, after receiving strong support in the Senate. Rep. Tom Cole, R-Okla., talks with Steve Inskeep about a possible House vote on the "fiscal cliff" deal.
Cole, the House deputy majority whip who also serves on the Appropriations Committee, says he expects the House to approve the Senate bill, calling it "a pretty big win."
President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House late Tuesday evening.
Credit Charles Dharapak / AP
The House of Representatives voted 257-167 late Tuesday to pass a Senate-approved compromise deal that stops large tax increases for 99 percent of Americans, and delays massive spending cuts for two months.
The bill now goes to President Obama, who is expected to sign it into law.
NPR's S.V. Date is reporting on the deal for our Newscast unit. Here's what he says:
"The eventual deal was hammered out by Senate Republican Leader Mitch McConnell and Vice President Joe Biden. It passed the Senate with overwhelming, bipartisan support.
Every year, banks handle tens of millions of transactions. Some of them involve drug money, or deals with companies doing secret business with countries like Iran and Syria, in defiance of trade sanctions.
But if the Justice Department has its way, banks will be forced to change — to spot illegal transactions and blow the whistle before any money changes hands.
Federal prosecutors have already collected more than $4.5 billion from some of the world's biggest financial institutions — banks charged with looking the other way when dirty money passed through their accounts.