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

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)

FILED UNDER:

"India's Daughter"

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage