The House of Representatives voted 257-167 to approve the Senate's fiscal cliff bill.
The legislation would avert much of the fiscal cliff's negative near-term economic impact by extending the Bush-era tax cuts for almost all Americans. It would also extend long-term unemployment benefits that were set to expire.
But the agreement leaves Congress facing other issues in coming months that could lead to standoffs: federal borrowing hitting the debt ceiling, the so-called sequester of automatic spending cuts and a continuing budget resolution expiring.
Follow complete coverage of breaking news on CNN TV, http://www.cnn.com and CNN Mobile.
Follow developing stories with the CNN App.
Download it today from your app store and
You have opted-in to receive this e-mail from CNN.com. To unsubscribe from Breaking News e-mail alerts, go to: http://cgi.cnn.com/m/clik?l=textbreakingnews
One CNN Center Atlanta, GA 30303
(c) & (r) 2013 Cable News Network