BREAKING REPORT: House Won’t Take Cliff Vote On Monday
The U.S. House of Representatives won’t vote on a tax-and-budget deal Monday night, meaning the country will at least temporarily go over the fiscal cliff. Word of the House’s decision came after both President Barack Obama and Senate Republican Leader Mitch McConnell cited progress in talks, and McConnell said a tax deal is done. McConnell said the two sides are “very, very close” on an overall deal. Stocks surged Monday as leaders expressed optimism about an agreement.