Obama signs 'fiscal cliff' and defense bills

The bill that averts the so-called fiscal cliff does raise taxes for the wealthiest Americans.

The bill that averts the so-called fiscal cliff does raise taxes for the wealthiest Americans. (1/3/13)

HONOLULU - (AP) - President Barack Obama has signed the bill that staves off across-the-board tax increases and budget cuts to domestic programs.

The bill that averts the so-called fiscal cliff does raise taxes for the wealthiest Americans.

The president also has signed $633 billion defense bill for next year.

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