A new battle looms after a brief respite

 


'Fiscal cliff' deal: After rush of relief, debt ceiling clash already looms (via The Christian Science Monitor)

Just 10 hours before the New York stock exchange opened on Wednesday, the GOP-controlled House passed the Senate’s “fiscal cliff” bill, 257-167, marking the first time that Republicans have, effectively, voted to raise income taxes in 20 years. Markets from Tokyo to Wall Street surged at the news that…