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7:45 PM ET, December 31, 2012

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 Top Items: 
Ezra Klein / Wonkblog:
Why the White House thinks it's winning the ‘fiscal cliff’  —  Consider the ongoing fiscal cliff negotiations from the White House's perspective.  —  The specifics of the potential McConnell-Biden deal are fluid, but the bottom line, at the moment, seems to be this: It raises taxes …
RELATED:
Sam Stein / The Huffington Post:
Fiscal Cliff Deal Growing More Likely, Would Raise $715 Billion In Revenue … REACT:  —  FOLLOW:  —  Bush Tax Cuts, Video, Boehner Fiscal Cliff, Fiscal Cliff, Fiscal Cliff Deal, Fiscal Cliff Tax Revenues, Fiscal Cliff Taxes, Obama Fiscal Cliff, Obama Fiscal Cliff Deal, Tax Hikes, Politics News
Jonathan Chait / New York Magazine:
Why Is Obama Caving on Taxes?  —  The discouraging thing about the “fiscal cliff” negotiations is not that they have gone into the eleventh hour, or that they may go into the new year, or even that they won't resolve the long-term budget deficit.  It's that President Obama has retreated on his hard line on taxes.
bigstory.ap.org:
AP SOURCES: ‘FISCAL CLIFF’ DEAL EMERGING  —  You are here  —  Home » United States Congress » AP Sources: ‘Fiscal cliff’ deal emerging  —  WASHINGTON (AP) — The contours of a deal to avert the ‘fiscal cliff’ emerged Monday, with Democrats and Republicans agreeing to raise tax rates …
Paul Krugman:
Conceder In Chief?  —  OK, I've had my own sorta-kinda briefing on the apparent fiscal cliff deal, and I'm pretty much with Noam Scheiber.  Viewed on its own, it's a bad and upsetting deal but not as terrible as initial rumors had it.  But the strategic consequences are likely to be very bad indeed, and in very short order too.
Politico:
Fiscal cliff: Major progress toward deal  —  Senate Minority Leader Mitch McConnell (R-Ky.) and Vice President Joe Biden engaged in furious overnight negotiations to avert the fiscal cliff and made major progress toward a year-end tax deal, giving sudden hope to high-stakes talks …
Ezra Klein / Wonkblog:
Here's what Republicans really hated about Obama's news conference  —  President Obama's cheerful, mocking statement enraged Republicans.  But the bigger problem is he said something Republican leaders have been trying to hide from their members.  Obama said, clearly, that if the GOP wants …
Discussion: The Atlantic Online and ABCNEWS
Matthew O'Brien / The Atlantic Online:
The Estate Tax Is a Huge Giveaway in the Fiscal-Cliff Talks  —  It will cost us $375 billion over the next decade if we keep the estate tax from going back to its Clinton-era levels.  That's twice the savings from switching to chained CPI.  —  (Reuters)  —  It's time to talk …
Discussion: Hullabaloo, Wonkblog and Post Politics
Brian Beutler / Talking Points Memo:
McConnell's Latest Gambit Is A Big Tax And Debt Limit Tell  —  On the Senate floor a few minutes ago Mitch McConnell made Democrats an offer.  Now that he and the White House basically agree on the tax piece of the so-called fiscal cliff, Congress should pass legislation to prevent …
Discussion: Daily Kos
CBS News:
Finally, a “fiscal cliff” breakthrough
Brian Beutler / Talking Points Memo:
Republicans Lash Out At Obama, Even As Fiscal Cliff Deal Close At Hand
Greg Sargent / The Plum Line:
The case for the Dems' negotiating strategy
Deirdre Walsh / CNN:
TRENDING: House unlikely to vote on any deal until after cliff deadline
Discussion: Politico and Taegan Goddard's …
Nancy Cook / NationalJournal.com:
Fiscal Compromise Would Set Stage For a New Year of Mini-Cliffs
Discussion: Hot Air and National Review
Noam Scheiber / The New Republic:
Democrats' Cliff Compromise Is Bad; But the Strategic Consequences Are Disastrous
Discussion: Washington Examiner and CNN
Jonathan Weisman / New York Times:
2 Sides in Talks Inch Closer but No Fiscal Deal on Final Day
Katie Glueck / Politico:
Grover Norquist: Tax rates won't increase
Jamelle Bouie / The Plum Line:
Have Democrats lost their leverage on the fiscal cliff?
The European / The European Union Times:
Clinton Injured, US Navy Seal Killed In Secret US Mission To Iran  —  A new Foreign Military Intelligence (GRU) report circulating in the Kremlin today is saying that United States Secretary of State Hillary Clinton [photo 2nd right] was injured, and a top US Navy Seal Commander killed …
RELATED:
Kevin Robillard / Politico:
NBC reporter raises Hillary Clinton questions  —  The top science reporter for NBC News raised questions Monday about Secretary of State Hillary Clinton's hospitalization, raising the possibility the blood clot causing isn't linked to an earlier concussion.  —  “It's not exactly clear …
Ann Althouse / Althouse:
What's Happening to Hillary? Only a clod would say the clot is a plot!
Washington Post:
(APPLAUSE)  —  Thank you.  Please, everybody have a seat.  —  Well, good afternoon, everybody.  Welcome to the White House.  —  (UNKNOWN): Thank you for having us.  —  (LAUGHTER)  —  OBAMA: Now I realize that the last thing you want to hear on New Year's Eve is another speech from me …
RELATED:
Suzy Khimm / Wonkblog:
Obama's wrong: This ‘cliff’ deal still raises taxes on the middle class
Amie Parnes / The Hill:
Obama says fiscal-cliff deal on taxes ‘in sight’ but not done yet
Discussion: Politico and CNN
Don Kaplan / NY Daily News:
Political commentator Sean Hannity was one of the big losers in the 2012 election  —  The right-wing Fox News host lost half his audience in the weeks after Obama's win  —  Fox News Channel host Sean Hannity had predicted President Obama would lose in a landslide.
New York Post:
Greenwich Village couple busted with cache of weapons, bombmaking explosives: sources  —  The privileged daughter of a prominent city doctor, and her boyfriend — a Harvard grad and Occupy Wall Street activist — have been busted for allegedly having a cache of weapons and a bombmaking explosive in their Greenwich Village apartment.
Louis Michael Seidman / New York Times:
Let's Give Up on the Constitution  —  AS the nation teeters at the edge of fiscal chaos, observers are reaching the conclusion that the American system of government is broken.  But almost no one blames the culprit: our insistence on obedience to the Constitution, with all its archaic, idiosyncratic and downright evil provisions.
 
 
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 More Items: 
Daniel Malloy / Political Insider:
Rep. John Lewis' wife, Lillian, dies
Peter Wise / Financial Times:
Portugal braced for ‘fiscal earthquake’
Jared Bernstein / On the Economy:
The Cliff Deal in the Offing
Discussion: Angry Bear
Neil Irwin / Washington Post:
Markets aren't sweating the fiscal cliff
Chris Geidner / BuzzFeed:
Barney Frank Opposes Chuck Hagel For Defense Secretary
 Earlier Items: 
Dan Munro / Forbes:
2012 - The Year In Healthcare Charts
Raf Sanchez / Telegraph:
Republican party is ‘devoid of a soul’, says Jon Huntsman
Discussion: Ballot Box, Politico and Mediaite
Dylan Byers / Politico:
Gregory under investigation, out of headlines
Discussion: Weasel Zippers
James Bovard / Wall Street Journal:
How the ‘Dairy Cliff’ Will Cream Consumers
First Read:
First Thoughts: Farewell to the 112th Congress
 

 
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