Reid and McConnell reached an agreement in the senate to avoid the fiscal cliff, but the bill has to go to the house for approval and then on to the president. Personally, I don't think it will survive. Meanwhile, we are over the fiscal cliff and every thing feared begins to happen today, because these so called leaders and this so called president could not stop it.
I don't think they ever really wanted to stop it.
Senate approves fiscal crisis deal after missed deadline, bill goes to House
The Senate approved a scaled-down package early Tuesday morning aimed at halting historic tax hikes for most Americans and postponing across-the-board spending cuts, just hours after Congress missed a midnight deadline for action.
The Senate voted 89-8 in favor of the package, which was hastily pulled together after a late-night deal between White House and Senate Republican negotiators.
For the near-term, it appears a tax hike will technically go into effect on Jan. 1, as the midnight deadline was missed. In total, $600 billion in tax hikes and spending cuts are scheduled to hit in the new year unless and until the legislation is finalized.
But the goal in Washington is to produce a bill that could patch up the problem in the coming days, sparing most Americans from any major or lasting blow to their paychecks.