'Cliff' deal passed, without GA. GOP - WALB.com, Albany News, Weather, Sports

'Cliff' deal passed, without GA. GOP

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Smack down on Cancer at the State Theater

    Smack down on Cancer at the State Theater

    Saturday, April 19 2014 11:54 PM EDT2014-04-20 03:54:50 GMT
    Wrestlers from all over Georgia and Florida were in town for the Smack Down on Cancer Event at the state theater. More >>
    Wrestlers from all over Georgia and Florida were in town for the Smack Down on Cancer Event at the state theater. More >>
  • Americus student honored in statewide design contest

    Americus student honored in statewide design contest

    Saturday, April 19 2014 7:59 PM EDT2014-04-19 23:59:05 GMT
    Indira Zelaya, a fourth grader from Sarah Cobb Elementary School in Americus, was honored in Atlanta recently for her artwork supporting Georgia's manufacturing industry.  She was nominated by South GeorgiaMore >>
    Indira Zelaya, a fourth grader from Sarah Cobb Elementary School in Americus, was honored in Atlanta recently for her artwork supporting Georgia's manufacturing industry.  She was nominated by South Georgia Technical College.More >>
  • Swimming pool destroyed after storm

    Swimming pool destroyed after storm

    Saturday, April 19 2014 7:32 PM EDT2014-04-19 23:32:11 GMT
    An Albany man arrived home to find his pool completely destroyed. He's not sure what happened, but the wall caved in and the concrete cracked. He says he's had the siding redone several times.More >>
    An Albany man arrived home to find his pool completely destroyed. He's not sure what happened, but the wall caved in and the concrete cracked. More >>

ATLANTA (AP) - Georgia's Republicans in the U.S. House voted against a last-minute deal to avoid the "fiscal cliff" after the state's two senators voted for it.

The Atlanta Journal-Constitution reports (http://bit.ly/12WMf6C) that all 8 of Georgia's Republicans voted against the bill in the House late Tuesday.

They broke with the state's GOP senators, Saxby Chambliss and Johnny Isakson, who had voted for it just after the new year began.

Among Democrats, John Barrow of Augusta voted no. Sanford Bishop of Albany; David Scott of Atlanta; and Hank Johnson of DeKalb County voted yes.

Democratic Rep. John Lewis of Atlanta did not vote, as he returned home after his wife died Monday.

The last-minute deal in Congress to avoid the "fiscal cliff" sent world stocks climbing Wednesday.

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

But investors liked what they saw. Stocks opened sharply higher on Wall Street after lawmakers averted sweeping cuts in government spending and with a last-minute budget deal.

The Dow Jones industrial average jumped 232 points to 13,336 shortly after the opening bell Tuesday, the first trading day of 2013. That's a gain of 1.8%.

The Standard & Poor's 500 index shot up 29 points, or 2%, to 1,455. The Nasdaq composite rose 82 points, or 2.7%, to 3,102.

Investors have been keeping a close eye on the budget stalemate in Washington and were relieved that a deal was reached. However the late-night budget agreement leaves many issues unresolved and it remained unclear how long the market rally would last. Next up is a fight over the government's borrowing limit.

 

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow