Congress edges closer to ‘fiscal cliff’ deal but can’t close it
(MCT) — WASHINGTON — Democrats and Republicans on Capitol Hill inched toward a compromise to avert part of the so-called fiscal cliff but remained unable to close a deal as each side struggled with internal tensions as well as the remaining gap between them.
Lawmakers have been trying to beat a deadline of midnight Monday, when tax rates are due to go up for the vast majority of Americans. But they could continue chasing a deal for days — even until the new Congress is sworn in at noon Thursday. After that, the political dynamics could shift with the entrance of new members.
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