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5:25 PM ET, January 1, 2013

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 Top Items: 
Peter Schroeder / The Hill:
CBO: ‘Fiscal cliff’ deal carries $4 trillion price tag over next decade  —  The Senate deal to avoid the “fiscal cliff” will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO).
RELATED:
Politico:
House GOP opposition to fiscal cliff bill grows  —  A carefully-crafted Senate compromise to avert the fiscal cliff could be in jeopardy, as House Republicans seem nearly certain to tweak the legislation and send it back to the Senate because it doesn't contain sufficient spending cuts.
Alexander Bolton / The Hill:
Senate Democrats will reject House changes to tax bill, aides say  —  Senate Democratic leaders say they will reject any House effort to amend a fiscal cliff deal that passed the upper chamber with overwhelming support on New Year's Day.  —  “The House Republicans have two choices …
Jonathan Weisman / New York Times:
Senate Passes Tax Increases on Wealthy Americans  —  WASHINGTON - The Senate, in a pre-dawn vote two hours after the deadline passed to avert automatic tax increases, overwhelmingly approved legislation Tuesday that would allow tax rates to rise only on affluent Americans …
Jennifer Steinhauer / New York Times:
House Takes On Fiscal Cliff  —  As the new year began on Tuesday, Congressional efforts to head off tax increases on most working Americans shifted to the House, where members began to pore over details of a plan passed by the Senate in the early morning hours as Republican leaders began …
David Brooks / New York Times:
Another Fiscal Flop  —  Over the course of the 20th century, America built its welfare state.  It was, by and large, a great achievement, expanding opportunity and security for millions.  Unfortunately, as the population aged and health care costs surged, it became unaffordable.
Matthew Boyle / BREITBART.COM:
FISCAL CLIFF DEAL: $1 IN SPENDING CUTS FOR EVERY $41 IN TAX INCREASES  —  According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion …
Zeke Miller / BuzzFeed:
White House Claims Victory In Fiscal Deal
Discussion: Politico and The Daily Caller
William A. Jacobson / Le·gal In·sur·rec· tion:
Senate passes massive tax cut which raised taxes over $600 billion in middle of night without reading the bill
Pete Kasperowicz / The Hill:
Focus now turns to the House
Discussion: Booman Tribune and The Impolitic
Fox News:
Fiscal crisis measure now heads to the House for approval
Ian Swanson / The Hill:
Senate to hold New Year's Eve vote on Biden-GOP fiscal cliff deal
Discussion: Politico and Post Politics
Leigh Ann Caldwell / CBS News:
It's official: Deal reached on “fiscal cliff”
Paul Krugman:
Perspective on the Deal  —  To make sense of what just happened, we need to ask what is really at stake, and how much difference the budget deal makes in the larger picture.  —  So, what are the two sides really fighting about?  Surely the answer is, the future of the welfare state.
Donovan Slack / Politico:
White House declares victory  —  The White House issued a “fact sheet” statement Tuesday declaring the fiscal cliff agreement a victory, though the House has yet to vote on the measure.  —  “At this make or break moment for the middle class, the President achieved a bipartisan solution …
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Noel Sheppard / NewsBusters.org blogs:
Kathy Griffin Kisses Anderson Cooper's Crotch On National Television  —  No matter what vulgar things Kathy Griffin does on CNN's live New Year's Eve broadcasts, the folks at the supposedly most trusted name in news continue to invite her back.  —  On Monday night's program …
Peter Baker / New York Times:
View From the Left: Obama ‘Kept Giving Stuff Away’  —  President Obama's fiscal deal with Republicans has touched off a fresh wave of grievance among disappointed liberals who complained that he caved in on taxes and sent a signal that he would ultimately surrender on other priorities as he prepared to open his second term.
Discussion: The Agonist and Hullabaloo
David A. Graham / The Atlantic Online:
Joe Biden: The Most Influential Vice President in History?  —  From the fiscal cliff to gun control to Afghanistan, Scranton's favorite son has transformed himself from affable gaffer to West Wing powerhouse.  —  Kevin Lamarque/Reuters  —  Barack Obama just can't get enough out of Joe Biden these days.
RELATED:
Robert Pear / New York Times:
Employers Must Offer Family Care, Affordable or Not  —  WASHINGTON — In a long-awaited interpretation of the new health care law, the Obama administration said Monday that employers must offer health insurance to employees and their children, but will not be subject to any penalties if family coverage is unaffordable to workers.
 
 
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 More Items: 
Dave Barry / Washington Post:
Dave Barry's Year in Review 2012
FRANCE 24:
Tunisians urged to spurn New Year greetings
Discussion: Weasel Zippers
Reuters:
Clinton suffers clot behind right ear, full recovery seen
 Earlier Items: 
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Police launch manhunt for ‘terror suspect’ who went missing on Boxing Day... while under close surveillance
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PM reiterates support for demilitarized ‘Palestine’
Discussion: Israel Matzav and Algemeiner.com
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