Potential U.S. fiscal cliff deal emerges in Senate - sources

Mon Dec 31, 2012 11:34pm IST

The U.S. Capitol building is pictured behind a fence as lawmakers return from the Christmas recess in Washington December 27, 2012. REUTERS/Mary F. Calvert

The U.S. Capitol building is pictured behind a fence as lawmakers return from the Christmas recess in Washington December 27, 2012.

Credit: Reuters/Mary F. Calvert

Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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WASHINGTON, Dec 31 - U.S. Senate Republicans on Monday appeared to be coalescing around a potential solution to the "fiscal cliff" crisis with a plan that would continue expiring tax cuts for household incomes of up to $450,000, congressional sources said on Monday.

"I think a majority of our caucus will go along with it," a senior Senate Republican aide told Reuters.

Senate Democrats had not yet expressed positions on the emerging deal.

(Reporting by Thomas Ferraro, Richard Cowan and Kim Dixon; Editing by Will Dunham)

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