WASHINGTON (WUSA) -- The House vote on the Senate fiscal bill is a small step to getting the U.S. financial problems in order. It delays some major budget decisions in the near future.
Gwen Doyle reacted to the news: "It's exciting, a little frustrating that they're kicking the can. We'll take what we can get."
Even those who work and live close to Capitol Hill are frustrated at the procrastination of Congress passing a late night bill to avoid falling off the fiscal cliff.
But there is some satisfaction.
Doyle, "Relief. Stocks were showing an upward turn is encouraging. It's a good way to start the new year right."
President Obama told Americans late Tuesday night, "Under this new law, more than 98 percent of Americans, and 97 percent of small businesses will not see their income taxes go up."
But Oliver Mueller says he's part of the small group who will see his taxes go up on his small business.
"It's alright. But we have to move forward somehow," said Mueller.
This will set up more showdowns in the future. Expect more face-offs on Capitol Hill in the coming months.
The bill taxes the wealthiest American families earning $450,000 a year. The intensely divided House must now tackle what's not addressed in the bill, including raising the debt ceiling, and sequestration. They are reasons why Democratic Congressman Jim Moran voted against the measure.
Jim Moran, (D-VA), said, "The problem [is] we set up three more fiscal cliffs. We have to deal with the debt ceiling, we have to deal with the continuing resolution expiration and sequester. All that's left is spending cuts. What programs do we cut and how deep do we cut them and we are going to look back on this night and regret it?"
The bill includes an extension on unemployment benefits for about 2 million Americans.
The bill does not include the payroll tax cut. So workers will be paying about two percent more in social security taxes, meaning a smaller paycheck each month.