Asian markets received a New Year's boost as the US House of Representatives passed a last minute deal to prevent the US falling over the fiscal cliff.
The financial compromise Bill was passed 257 - 167 after a late night session in the House of Representatives. President Barack Obama hailed the deal to stave off a "fiscal cliff" of drastic taxation and spending measures as "just one step in the broader effort to strengthen the economy". "I will sign a law that raises taxes on the wealthiest 2% of Americans...
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