By JOSH LEVS, CNN

Now that the House has passed a Senate deal to avert the fiscal cliff, it will become law when President Obama signs it. He has returned to Hawaii to join his family on vacation.

Here are five things to know about the complex bill, and what it does and doesn’t do:

1. No side won

Republicans accepted higher taxes for the wealthiest Americans. Democrats accepted a higher threshold for how much income will face a higher tax rate. President Obama broke a vow to raise tax rates on annual household income over $250,000 and individual income over $200,000. And that’s just for starters.

Read more…