House Majority Leader Eric Cantor of Va. arrives Monday on Capitol Hill in Washington as leaders in the Senate and the House face pressure to find a legislative path to head off the automatic tax hikes and spending cuts set to take effect Jan. 1. (AP Photo/J. Scott Applewhite)
Sources: 'Fiscal cliff' deal may be emerging
WASHINGTON — The contours of a deal to avert the "fiscal cliff" emerged today, with Democrats and Republicans agreeing to raise tax rates on family income over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year, officials familiar with the negotiations said.
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