Obama holidays after fiscal cliff deal

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iol news pic obama back in hawaii REUTERS U.S President Barack Obama walks off Air Force One at Joint Base Pearl Harbor-Hickam after returning to Hawaii to continue his Christmas vacation in Honolulu, Hawaii January 2, 2013. REUTERS/Hugh Gentry

Honolulu - President Barack Obama is back in Hawaii for vacation after Congress reached a last-minute, limited deal to avoid the so-called “fiscal cliff.”

The president rejoined his family Wednesday after returning to Washington for tense negotiations on an agreement to avoid abrupt tax increases and deep spending cuts that could have sent the economy back into recession.

The House of Representatives voted late Tuesday night on a package to avoid income tax increases for most Americans. The Senate earlier passed the package, which delays billions in spending cuts for two months

The White House had no immediate update on when Obama would receive and sign the bill. - Sapa-AP

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