Source: Deal Reached To Avert Fiscal Cliff


UPDATED: Monday December 31, 2012 9:13 PM

 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.

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