1. Fiscal Cliff

    McConnell: We Are Very, Very Close

    WASHINGTON, DC - DECEMBER 04:  U.S. Senate Minority Leader Senator Mitch McConnell (R-KY) (3rd L) speaks to members of the media after the Senate Republican Weekly Policy Luncheon as (L-R) Senator John Cornyn (R-TX), Senator John Barrasso (R-WY), and Senate Minority Whip Senator Jon Kyl (R-AZ) listen December 4, 2012 on Capitol Hill in Washington, DC. McConnell spoke on various topics including the "fiscal cliff" issue.  (Photo by Alex Wong/Getty Images)

    Alex Wong

    Happy New Year, everyone—Washington is closer to a fiscal-cliff deal. Just before 3 p.m., following a promising speech by President Obama, Senate Minority Leader Mitch McConnell announced that Congress is "very, very close" to reaching a deal. "I can report that we've reached an agreement on all the tax issues," he said. Obama said he is hopeful that Congress would approve an agreement that will increase taxes on the wealthiest
    2 percent of Americans, but prevent a tax hike for the rest of the country. 

    Read it at Washington Post