US 'Fiscal Cliff' Deal Reached? Eurasia Review:
With only hours left until the end-of-year fiscal cliff deadline, a Democratic aide has claimed the White House and congressional Republicans have made a deal regarding the fiscal cliff and that the vote could still take place in 2012.
Vice President Joe Biden was set to sell the agreement to Senate Democrats at a meeting in Capitol Hill on Monday night, AP reports. The officials described the developments on condition of anonymity, as they were not authorised to discuss the details.
Earlier, after President Barack Obama and leading members of Congress had said on Monday afternoon that a deal between lawmakers was within reach, reports from Washington suggested that a compromise will not be made before the new year. Bloomberg News and CNBC both reported eight hours before the 12-midnight deadline that no vote would be made before the end of the year.
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