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Bill to increase revenue by $600 bn: Obama

PUBLISHED ON: January 2, 2013 | Duration: 6 min, 54 sec

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After the House of Representatives passed a key bill to avert the so-called 'fiscal cliff' of middle class tax increases and spending cuts late Tuesday night, President Barack Obama said that there is still a long road ahead in decreasing deficit, although the bill will bring in $600 billion extra revenue.
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