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December 10, 2012


Fiscal Cliff Deal in Sight

"The contours of a deal to avert the year-end fiscal cliff are becoming increasingly clear. But progress has been slow, and time is running out for leaders to seal an agreement and sell it to restless lawmakers who so far have been given little information," the Washington Post reports.

"Lawmakers say action this week is vital if Obama and Boehner hope to win approval by the end of the year for complex, bipartisan legislation that would raise taxes, push down social-safety-net spending and lift the federal debt limit."

Wonk Wire has more on a possible deal.

Meanwhile, the  Wall Street Journal reports Republican leaders "are pushing what looks like a relatively painless method of slowing federal spending, one that alters how the government calculates annual cost-of-living increases for an array of programs."












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