White House and congressional Republicans agree on deal
Congress and White House reach an agreement
Posted: 01/01/2013
Last Updated:
138 days ago
WASHINGTON, D.C. - (AP) --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.
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