Obama: 'Fiscal cliff' will be solved 'in several steps'
US President Barak Obama has said the agreement regarding the so-called 'fiscal cliff' will halt tax hikes for 98% of Americans.


"Our most immediate priority is to stop taxes going up for middle class families starting tomorrow. We still have deficits that have to be dealt with (but) we're going to solve this several steps." (Yitzhak Benhorin, Washington)