New Jersey Senator Robert Menendez describes the fiscal cliff compromise as "not perfect" but voted for it to "protect 2 million New Jersey families" from an "an unfair tax hike."

Stacy Proebstle, Townsquare Media

"Families struggling during these tough economic times will also receive much-needed relief from this measure as it extends emergency unemployment benefits for one year," said Menendez in a statement released shortly after the 89-8 vote.

"Though not perfect, this bill is essential in striking a balance between keeping the fragile economic recovery on track while making concrete steps toward addressing our country’s long-term budget challenges."