The House passed the Senate’s fiscal cliff bill tonight at about 11:00 PM.
The dramatic vote followed a wild day in which the critical measure was assumed for several hours to be headed for defeat because of widespread Republican objections. The vote was 257 to 167, with 85 Republicans joining with nearly all of the chamber’s Democrats.
It’s a real crap sandwich. There were zero spending cuts and it raises the deficit by $330 billion more than it would have gone up without it. Over ten years it will cost a whopping $4 trillion.