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Jan. 1, 2013 / 11:17 PM

President Obama speaks on the passage of the fiscal cliff deal [Video]

Clouds loom over the US Capitol while Senators meet during the final hours of 2012, in the U.S. Capitol in Washington, DC, December 31, 2012. Democratic and Republican congressional leaders are near a deal to avert the "fiscal cliff," but they're not there yet, President Obama said Monday. UPI/Molly Riley

Clouds loom over the US Capitol while Senators meet during the final hours of 2012, in the U.S. Capitol in Washington, DC, December 31, 2012. Democratic and Republican congressional leaders are near a deal to avert the "fiscal cliff," but they're not there yet, President Obama said Monday. UPI/Molly Riley | License Photo

The House passed the fiscal cliff bill, following Tuesday morning's successful vote by the Senate, sending a permanent tax cut for 98 percent of households to President Obama's desk.

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