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Fiscal cliff deal averts across-the-board spending cuts
Inside Higher Ed: WASHINGTON — In a last-minute vote Tuesday night, Congress averted the deep, automatic spending cuts set to affect a wide range of federal programs, including many important to higher education. The vote to avoid the tax hikes and spending cuts, known together as the "fiscal cliff," gives lawmakers two months to cut $6 billion from the federal budget and sets up a probable spending showdown later in the year.
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