Fiscal cliff deal details
Published 01/01/2013, Associated Press
Details were released late Monday of a tentative agreement between the White House and Senate Minority Leader Mitch McConnell, R-Ky., aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year. The measure would raise taxes by about $600 billion over 10 years compared with tax policies that were to expire at midnight Monday. It also would delay for two months across-the-board spending cuts otherwise set to begin slashing the budgets of the Pentagon and numerous domestic agencies.Word count: 451
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