Congress approves plan to avert "fiscal cliff"

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Congress approves plan to avert "fiscal cliff"

Congress approves plan to avert "fiscal cliff"
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Congress approves plan to avert "fiscal cliff"

by CBSTV Videos 3:20 mins

The House joined the Senate in passing a bill that raises taxes for people earning more than $400,000, and families earning more than $450,000. The bill also extends long-term jobless benefits for a year, and put any significant spending cuts on hold until later in 2013. CBS News' Nancy Cordes reports.

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