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Democratic aide: Fiscal ‘cliff’ deal reached

Reporters pursue Speaker of the House John Boehner, R-Ohio, as he walks to a closed-door meeting with GOP members of the House as Congress in Washington, Monday, Dec. 31, 2012, as Senate and House leaders rush to assemble a last-ditch agreement to head off the automatic tax hikes and spending cuts set to take effect Jan. 1, 2013. The House will miss the midnight Monday deadline lawmakers set for voting to avoid the "fiscal cliff."  (AP Photo/J. Scott Applewhite)

A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the so-called fiscal cliff of impending tax hikes and spending cuts.

Posted: January 1st, 2013 in Latest News Stories,World | Read More »