House Passes Tax-Cut Extension, Sends Bill to Obama

Dec. 17 (Bloomberg) -- The U.S. Congress passed an $858 billion bill extending for two years all Bush-era tax cuts, sending the measure to President Barack Obama for his signature. Before the House voted 277-148 for final passage on the tax-cut agreement, members defeated an amendment crafted by some Democrats to express their displeasure with the bill and especially with a Republican-backed estate-tax proposal. Bloomberg's Peter Cook reports. (Source: Bloomberg)