Political Headlines January 2, 2013: President Barack Obama Hails ‘Fiscal Cliff’ Deal, Warns Congress of Next Fiscal Fight

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Obama Hails ‘Cliff’ Deal, Warns of Next Fiscal Fight

Source: ABC News Radio, 1-2-12

Brendan Hoffman/Getty Images

Minutes after the House of Representatives approved a bipartisan Senate deal to avert the “fiscal cliff” and preserve Bush-era tax cuts for all Americans making less than $400,000 per year, President Obama praised party leaders and wasted little time turning to the next fiscal fight.

“This is one step in the broader effort to strengthen our economy for everybody,” Obama said.

Obama lamented that earlier attempts at a much larger fiscal deal that would have cut spending and dealt with entitlement reforms failed.  He said he hoped future debates would be done with “a little less drama, a little less brinksmanship, and not scare folks quite as much.”…READ MORE

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