Ten Things You Need to Know Today: Tuesday 1 Jan 2013

1. DEAL MADE ON EDGE OF ‘FISCAL CLIFF’

A last-minute deal has been struck to stop America toppling off the so-called ‘fiscal cliff’. With only hours to go until the deadline for automatic tax rises and spending cuts, Senate leaders reached a bipartisan compromise last night that will head off some, but not all, of the austerity measures due on Tuesday. The deal has yet to be approved by the Republican-controlled House of Representatives.

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