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

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Inside the Peshawar school

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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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