Washington (CNN) -- The House of Representatives voted Tuesday night to approve a Senate bill to avert a feared fiscal cliff. The measure that sought to maintain tax cuts for most Americans but increase rates on the wealthy passed the Democratic-led Senate overwhelmingly early in the day. There was discussion about amending the Senate bill by adding spending cuts, but in the end, House lawmakers voted on the bill as written -- a so-called up or down vote. Get the latest updates from CNN's political team The legislation would raise roughly $600 billion in new revenues over 10 years, according to various estimates.
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NEW: House approves the deal late Tuesday night
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The vote was an up-or-down vote on the Senate compromise
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Lawmakers were under a tight deadline; A new Congress is set to be sworn in Thursday
Had the @placeholder not acted, and the tax cuts enacted last decade expired fully, broad tax increases would have kicked in, as would $110 billion in automatic cuts to domestic and military spending.