One self-inflicted crisis averted for the time being as we move on to the next one. I can hardly wait: Obama Praises Passage Of House Tax Deal:
Late Tuesday night, President Obama praised the House's passage of the Senate-approved fiscal cliff agreement to prevent a variety of tax hikes on middle class Americans.
The bill now heads to the president's desk. He thanked Vice President Joe Biden and all four congressional leaders for their work.
"Everybody worked very hard on this and I appreciate it," he said.
Obama called for additional deficit reduction in the form of "further reforms to our tax code" and spending cuts. But he reiterated his vow not to play games with the debt limit again.
"I will not have another debate with this Congress over whether or not they should pay the bills for laws they have already racked up," he said.