House won't vote before midnight on 'cliff' deal - San Diego, California Talk Radio Station - AM 760 KFMB

House won't vote before midnight on 'cliff' deal

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    Monday, December 31 2012 9:47 PM EST2013-01-01 02:47:00 GMT
    Racing against the clock, the White House reached agreement with congressional Republicans late Monday.More >>
    Racing against the clock, the White House reached agreement with congressional Republicans late Monday on a deal to prevent across-the-board tax increases and spending cuts to government programs from taking effect at midnight, according to administration and Senate Democratic officials.More >>

WASHINGTON (AP) -- The House will miss the midnight Monday deadline lawmakers set for voting to avoid the "fiscal cliff."

House Republicans notified lawmakers that the chamber will vote Monday evening on other bills. They say that will be their only votes of the day.

President Barack Obama and Senate Republican leader Mitch McConnell said Monday they are near a deal to avoid wide-ranging tax increases and spending cuts - the fiscal cliff - that take effect with the new year.

Both men said they were still bargaining over whether - and how - to avoid $109 billion in cuts to defense and domestic programs that take effect on Wednesday.

It remained unclear whether the Senate would vote Monday.

Congress could pass later legislation retroactively blocking the tax hikes and spending cuts.

Copyright 2012 The Associated Press.

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