Last-Minute Deal Averts Fiscal Cliff

Legislation delays decisions on SGR, sequestration cuts

Madeleine Lovette

On Jan. 2, 2013, President Obama signed the American Taxpayer Relief Act (H.R. 8) into law to avert the so-called ‘fiscal cliff’ facing the nation as a result of the expiration of the 2010 Tax Relief Act and the enactment of the 2011 Budget Control Act. The President signed the bill after Congress reached an 11th-hour deal late on New Year’s Eve and quickly passed the legislation through both chambers.

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