Stocks roared higher on Wall Street and around the world after Congress passed a last-minute budget deal to avert sweeping tax hikes and government spending cuts.
Lawmakers from Trenton to Washington are reacting angrily to the House Republican leadership decision to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy.
The tax package negotiated by President Barack Obama and Senate Republicans and passed by Congress will protect 99 percent of Americans from an income tax increase.
Legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and domestic agencies is headed to the House today but the fiscal cliff is not yet completely resolved.