Fiscal Cliff: Live Updates On Congress, White House Negotiations

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LIVE UPDATES: Fiscal Cliff Negotiations Continue

House Minority Leader Nancy Pelosi of Calif., second from left, accompanied by, from left, House Speaker John Boehner of Ohio, Senate Minority Leader Mitch McConnell of Ky., and Senate Majority Leader Harry Reid of Nev., speaks to reporters outside the White House in Washington, Friday, Nov. 16, 2012, following their meeting with President Barack Obama to discuss the economy and the deficit. (AP Photo/Jacquelyn Martin)

Fiscal cliff negotiations continue on Capitol Hill as congressional leaders attempt to reach a deal ahead of January 1, when tax hikes and across-the-board spending cuts are set to kick in.

Senate Minority Leader Mitch McConnell (R-Ky.) and Vice President Joe Biden negotiated late into Sunday night, attempting to hammer out an agreement as the deadline loomed.

HuffPost's Michael McAuliff and Sam Stein report:

Biden and McConnell began talking after the GOP Senate caucus leader and Majority Leader Harry Reid (D-Nev.) got stuck in negotiations Sunday.
"The leader and the vice president continued their discussion late into the evening and will continue to work toward a solution," a spokesman for McConnell (R-Ky.) said. "More information as it becomes available."
A House Republican aide close to the talks signaled Monday that a deal was very close to getting struck. One GOP Senate source said that while a deal might not get passed before the deadline, the outlines of one would emerge, certainly by Jan. 2, before the stock market opens.
"It might not pass in time, but there will be a deal," the source said.

Below, a live blog of the latest developments in the fiscal cliff negotiations.