Obama signs $858 billion tax bill compromise
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President Barack Obama has signed into law a massive tax package that frayed his relations with liberals, caused him to abandon a pledge not to extend tax cuts to the rich and heralded a new balance of power in Washington.
Dramatic both as an economic and a political accomplishment, the agreement sets the stage for Obama's new relationship with Republicans, who as of January will have a majority in the House and will have narrowed the Democrats' majority in the Senate. (AP)
