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5:05 AM ET, January 1, 2013

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 Top Items: 
Jonathan Weisman / New York Times:
Tentative Deal Is Reached to Raise Taxes on the Wealthy  —  WASHINGTON — Furious last-minute negotiations between the White House and the Senate Republican leadership on Monday secured a tentative agreement to allow tax rates to rise on affluent Americans, but the measure was not going to pass …
RELATED:
Leigh Ann Caldwell / CBS News:
It's official: Deal reached on “fiscal cliff”  —  As revelers in Times Square and cities and towns across the country wait for the ball to drop to ring in the new year, politicians in Washington have announced that a ball is not likely to drop on the average taxpayer.
Discussion: Firedoglake and TalkLeft
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 …
Jennifer Bendery / The Huffington Post:
Fiscal Cliff Deal Reached: White House, Hill Leaders Agree To Delay Sequester By Two Months … REACT:  —  FOLLOW:  —  Harry Reid , John Boehner, Nancy Pelosi, Barack Obama , Barack Obama , Video, 2012 Fiscal Cliff, Harry Reid Fiscal Cliff, US Fiscal Cliff, Fiscal Cliff, Fiscal Cliff 2012 …
Mollie Reilly / The Huffington Post:
Fiscal Cliff: Live Updates On Congress, White House Negotiations … REACT:  —  FOLLOW:  —  Barack Obama , Congress, Barack Obama , Video, Politics News, Fiscal Cliff, Fiscal Cliff Deal, Fiscal Cliff Live Updates, Fiscal Cliff Negotiations, Fiscal Cliff Talks, Fiscal Cliff Updates, Obama Fiscal Cliff, Politics News
Discussion: Weasel Zippers and Hullabaloo
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
Ian Swanson / The Hill:
Senate to hold New Year's Eve vote on Biden-GOP fiscal cliff deal  —  The Senate will vote on legislation to extend tax rates on annual income under $450,000 on New Year's Eve.  —  Senate Majority Leader Harry Reid (D-Nev.) said the vote would be held after a Congressional Budget Office score …
Discussion: Post Politics
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.
Sabrina Siddiqui / The Huffington Post:
Obama Fiscal Cliff Remarks Spark Republican Threats To Blow Up Deal … REACT:  —  FOLLOW:  —  Congress Fiscal Cliff, Fiscal Cliff 2012, Fiscal Cliff Deal, Fiscal Cliff Negotiations, Fiscal Cliff Talks, John Boehner Fiscal Cliff, Mitch Mcconnell Fiscal Cliff, Obama Fiscal Cliff, Obama Fiscal Cliff Remarks, Politics News
Wall Street Journal:
U.S. Budget Deal Is Sealed  —  The White House and Senate Republicans are closing in on a budget compromise that would raise tax rates on couples making more than $450,000 a year, increase taxes on large inheritances and extend unemployment benefits for a year.
Discussion: American Power, Washington Wire and CNN
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
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 and Wonkblog
Noam Scheiber / The New Republic:
Democrats' Cliff Compromise Is Bad; But the Strategic Consequences Are Disastrous
Brian Beutler / Talking Points Memo:
Republicans Lash Out At Obama, Even As Fiscal Cliff Deal Close At Hand
Discussion: Politico and The Daily Caller
Washington Post:
(APPLAUSE)  —  Thank you.  Please, everybody have a seat.
USA Today:
Washington poised to go over ‘fiscal cliff’
Discussion: Firedoglake and Associated Press
bigstory.ap.org:
AP SOURCES: ‘FISCAL CLIFF’ DEAL EMERGING
Discussion: The Hill
Jared Bernstein / On the Economy:
The Cliff Deal in the Offing
Discussion: Angry Bear
Brian Beutler / Talking Points Memo:
McConnell's Latest Gambit Is A Big Tax And Debt Limit Tell
Discussion: Daily Kos
Greg Sargent / The Plum Line:
The case for the Dems' negotiating strategy
Amie Parnes / The Hill:
Obama says fiscal-cliff deal on taxes ‘in sight’ but not done yet
Discussion: Reuters and Politico
Jonathan Chait / New York Magazine:
Why Is Obama Caving on Taxes?
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.
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:
Conor Friedersdorf / The Atlantic Online:
The Worst Holiday: New Year's Eve Is Over-hyped and Anti-Climactic  —  An absurd mix of international traditions would be better than how we celebrate it in America.  —  The national embarrassment of American New Year's Eve celebrations embodied in one image.  And it only got worse.  / Reuters
 
 
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 More Items: 
The New / New York Times:
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Daniel Malloy / Political Insider:
Rep. John Lewis' wife, Lillian, dies
Peter Wise / Financial Times:
Portugal braced for ‘fiscal earthquake’
James Taranto / Wall Street Journal:
Long Walks, Short Piers
 Earlier Items: 
Chris Geidner / BuzzFeed:
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Dan Munro / Forbes:
2012 - The Year In Healthcare Charts
Raf Sanchez / Telegraph:
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Dylan Byers / Politico:
Gregory under investigation, out of headlines
Discussion: Weasel Zippers
 

 
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