Obama & Senate Republicans Reach Fiscal Cliff Deal

By: Associated Press
By: Associated Press

A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the so-called fiscal cliff.
The measure would extend Bush-era tax cuts for family incomes below $450,000 and briefly avert across-the-board spending cuts set to strike the Pentagon and domestic agencies this week.
Vice President Joe Biden was set to sell the agreement to Senate Democrats at a meeting at the Capitol on Monday night.
The aide required anonymity because he wasn't authorized to speak publicly.

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  • by Name Location: Location on Jan 1, 2013 at 04:30 AM
    No deal yet, i dont think it has it cuts to satisfy enough republicans.
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