Rancour and relief as US pulls back from brink

By Nick O'Malley
Updated January 2 2013 - 6:08am, first published January 1 2013 - 7:03pm

WASHINGTON: Minutes before the midnight deadline of the fiscal cliff Democrats started celebrating a partial victory – it appeared the White House and Senate leaders had cut a deal and the US would begin to address its terrible debt and deficit by taking an extra $US600 billion ($577 billion) in revenue rather than cutting spending.

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