IMPORTANT INFORMATION FOR DISH SUBSCRIBERS – SERVICE INTERRUPTION – CLICK HERE

President Obama signs fiscal cliff bill into law

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Pres. Obama Fiscal Cliff Presser(CNN) President Barack Obama has signed into law the bill to avert the fiscal cliff.

The new law preserves the Bush-era tax cuts for individuals earning less than $400,000 and couples making less than $450,000 per year, and extends unemployment benefits.

The Senate passed the bill Tuesday morning and the House passed it Tuesday night.

The White House received a copy of the bill late Wednesday afternoon, a senior administration official told CNN. Obama, on vacation with his family in Hawaii, directed the bill be signed by autopen.

Read the bill (pdf).