BBC News - US Senate passes 'fiscal cliff' deal to avoid tax rises
The bill, which raises taxes for the wealthy, came after lengthy talks between Vice-President Joe Biden and Senate Republicans.
The House is due to consider it later. Spending cuts have been delayed for two months to allow a wider agreement.
Congress missed the deadline to pass a bill, but few effects will be felt as Tuesday is a US public holiday.
Tax cuts approved during the presidency of George W Bush formally expired at midnight (05:00 GMT).
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