POLITICS

Fiscal Cliff News: Democratic Aide Says Deal Reached

Sen. Brian Emanuel Schatz, D-Hawaii, left, kisses his wife Linda Schatz, center, after Vice President Joe Biden, right, re-en
Sen. Brian Emanuel Schatz, D-Hawaii, left, kisses his wife Linda Schatz, center, after Vice President Joe Biden, right, re-enacted the swearing of Schatz during a ceremony in the Old Senate Chamber on Capitol Hill in Washington, Thursday, Dec. 27, 2012. Hawaii Gov. Neil Abercrombie named Schatz, his lieutenant governor, to fill the Senate seat left vacant following the death of the late Sen. Daniel Inouye, D-Hawaii. Earlier, Biden officially administered the Senate oath to Schatz on the floor of the Senate. (AP Photo/Susan Walsh)

By THE ASSOCIATED PRESS

WASHINGTON — 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.

This is developing.. Check back for more..

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