Current Temp 81.0 °F
A Few Clouds
Wind : Southwest at 6.9 MPH (6 KT)
Humidity : 67 %
Pressure : 1013.3 mb
Democratic aide: Fiscal 'cliff' deal reached
WASHINGTON (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.
The aide required anonymity because he wasn't authorized to speak publicly.