Jan 2 - The U.S. House of Representatives approved a Senate bill New Year's Day to avert $600 billion in tax increases and spending cuts.
Ahead from the clip to the feelings and David Blaine never tried this speech telling competition. Later. You think has criticized Wednesday from Reuters world headquarters in New York. If you can't say up near midnight on New Year's Day you miss the house to avert the fiscal cliff. 257. Days to 167. Days coming several hours after the senate passed the measure. The -- now turn to raising the debt ceiling if fiscal -- prevent huge tax and spending cuts that all taxes will rise. The bush tax cuts made permanent for most Americans. With taxes rising individuals making more than 400 grand and families making 450000. Capital gains and dividend taxes rising for those folks as well. Stocks surging in early trading right now our -- the Dow up all about 200 points there you can NASDAQ up that -- by S&P 500. About a 2.5. There are also up around the world including in the UK Italy and Hong Kong the Hang Seng closed nearly 3% higher. Four weeks of fiscal talks focused on President Obama and house speaker John Boehner. But our power player of the day sweeping in at the eleventh hour and -- helps seal the deal. It's vice president Joseph Biden. After crafting a successful bill with longtime senate colleague Mitch McConnell Biden met with house Democrats to with this passage there. What headlines regarding this clip negotiations referred to him as quote upstaging Obama. Well in -- and whether he's quote the most influential vice president in history. Apple could be considered the most influential tech company. It grabbing headlines today after -- report indicated it has started at new iPhone. And then next version of the IOS software. The web site the next web says app developers have found references to boat in usage logs from Internet address. On Apple's Cupertino California campus. Apple shares closed 2012 at 53217. And are now at 553. -- This car also rising after Avis Budget Group agreed to buy it for about 500 million dollars. The deal puts it into the car sharing field rivals -- enterprise are already operating. That current -- the business in the US ten years ago customers -- -- carts for hourly or daily rates and marketing means readers spots. The deal worked out to 1225 shares nearly 50% premium to its Monday close. But wait -- out from where it started when it went public in April 20. And finally ask those have not -- these guys who took part in China's frozen for 24 hours challenge. While we're not sure. Three men stayed in ice reading and for 24 hours was that eating. Drinking sleeping as you can seat wearing next to update. If fourth challenger quit fourteen hours after the match began that he got he winds up toward. That is the latest from three -- -- this Wednesday you can follow us on Twitter at Reuters Insider check out -- -- -- dot com. Slash Reuters TV I'm Lisa Bernhard this is right.