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Potential US fiscal cliff deal emerges in Senate -sources

Source: Thomson Reuters Foundation - Mon, 31 Dec 2012 18:03 GMT
Author: Reuters
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WASHINGTON, Dec 31 - U.S. Senate Republicans on Monday appeared to be coalescing around a potential solution to the "fiscal cliff" crisis with a plan that would continue expiring tax cuts for household incomes of up to ${esc.dollar}450,000, congressional sources said on Monday.

"I think a majority of our caucus will go along with it," a senior Senate Republican aide told Reuters.

Senate Democrats had not yet expressed positions on the emerging deal.

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