Significant progress made in fiscal cliff discussions, sources say
December 31st, 2012
11:00 AM ET
7 years ago

Significant progress made in fiscal cliff discussions, sources say

(CNN) - A possible deal to avert the midnight deadline for the "fiscal cliff" of automatic tax increases and spending cuts began to take shape Monday, including an agreement to raise the income tax rate on top earners to what it was during President Bill Clinton's last term in office, according to sources close to the process.

The potential deal also includes an increase in the estate tax and an extension of unemployment benefits, according to the sources.


Filed under: Fiscal Cliff
soundoff (2 Responses)
  1. Donkey Party

    This whole mess is a GOP manufactured "crisis". They're still trying to make Obama a one-term President. Further evidence that reality can't penetrate the GOP bubble.

    December 31, 2012 07:21 am at 7:21 am |
  2. fernace

    Oh, pleazzze, they still have today! Any1 who multi-tasks, at work & home, knows the surprising number of things that can be accomplished in 5 minutes! Babies changed, food prepped, laundry loaded, toys picked up & messages taken; just 5 min. in the life of a nanny! You gotta be kidding me if these highly paid, great insurance/retirement holdin', cushy jobperks havin' Public Servant's can't prevent us from going over a financial cliff of their own making!? This is their job, which we pay them handsomely for! And in all actuallity, we've been paying them to take care of the budget & they've blown it! Trading the long expired taxcuts for the rich & no cuts for the military, who have said they don't mind, for severe cuts to poor & ill peoples benefits, which they worked & payed for, is unmitigated attrocity! Unconscionable!!

    December 31, 2012 08:54 am at 8:54 am |