WASHINGTON (AP) -- A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the so-called fiscal cliff.
The measure would extend Bush-era tax cuts for family incomes below $450,000 and briefly avert across-the-board spending cuts set to strike the Pentagon and domestic agencies this week.
Vice President Joe Biden was set to sell the agreement to Senate Democrats at a meeting at the Capitol on Monday night.
The aide required anonymity because he wasn't authorized to speak publicly.
By DAVID ESPO
AP Special Correspondent
Related Stories
- More Texas News
- National News
- International News
- Pastor sentenced to 2 years for online soliciting
- Boy Scout leaders to vote on lifting gay ban
- Fort Hood suspect seeks to fire Army attorneys
- Stanford chandelier sells for $158,500 at auction
- Man indicted on claim he set fiancee's home ablaze
- Warrant: Mother thought she left baby at day care
- House members kill more Senate bills as revenge
- Float driver says train seemed still before crash
- Float driver: Train seemed still before crash
- Dallas woman indicted, college financial aid scam
- Judge apologizes for lag in unsealing documents
- Boy Scout leaders to vote on lifting gay ban
- 2 children bitten by fox at Ga. elementary school
- Fort Hood suspect seeks to fire Army attorneys
- Appeals court allows capital retrial of Wolfe
- Soldier charged with videotaping women
- Afternoon Coverage Outlook
- Man shot and killed by authorities was a Chechen who'd been asked about ties to bombing suspect
- Stocks fall on news Fed weighed cutting stimulus
- House panel moves to curb military sexual assaults
- Costa Rican volcano spews ash, smoke
- France boosting security at facilities abroad
- Mexico cartel dominates, torches western state
- Vatican releases 1st report of financial watchdog
- Cruise ship captain says he's not frightened by prospect of prison time
- Police arrest Dominican accused of raping 60 women
- Ousted premier seeks return to power in Caymans
- UN: New reports of chemical weapons use in Syria
- Opposition in Burkina Faso vow to fight Senate law
- Argentine dictator Videla's burial protested
Automotive
Find valuable information about buying your next car, including price quotes and your latest automotive news.
Wedding Central
The greatest Southeast Texas story ever told. Share your wedding and engagement news!
Lost and Found Pets
These are pets that have been lost or found in the KFDM News Channel 6 viewing area.
No Text Zone
Texting While Driving Kills Thousands of People Each Year. Many More are Seriously Injured. You Can Help Make Our Roads a NO TEXT ZONE
Texas Lottery
Texas Lottery
Community Calendar
Check out our Community Calendar!
Baby Talk
Baby Talk with Nicole Murray.
KFDM Channel 6 Top Stories
Business News
Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) -- Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Consumer News
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
Entertainment News
"DANCING WITH THE STARS" - KELLIE PICKLER WINS
LOS ANGELES (AP) -- Kellie Pickler didn't win on "American Idol."
Get This
DOG BEACH WEAR
LOS ANGELES (AP) -- From bikinis to Hawaiian shirts -- it's time to gear up for the beach.
Science/Tech News
IN THE NEWS: TEENS MOVING TO TWITTER TO DODGE PARENTS, OTHER BORES
WASHINGTON (AP) -- If you're one of those parents who are on Facebook in part to keep an eye on what your kids are up to -- here's a news flash: your kids are on to you and have moved to Twitter.

