US Vice President Joe Biden said he feels "very good" about how the vote on the fiscal cliff would turn out.
After months of negotiation and argument, the White House and Senate reached an agreement that would delay spending cuts by two months, according to administration sources.
America's financial crisis has been averted, not solved. We've had the fiscal cliff. Now get ready for the debt abyss.
Democrats and Republicans have so far failed to agree on an alternative plan to the tax increases and spending cuts scheduled for January 1.