We still have no idea what the House will do, but here's what the Senate has passed.
"Senate Overwhelmingly Passes 'Fiscal Cliff' Deal." By Lori Montgomery and Paul Kane, The Washington Post, January 1, 2013
No one is happy with ALL of it.
"Lousy Deal on the Edge of the Cliff." By Robert Reich, Robert Reich's Blog, January 1, 2013
The following author heads PIMCO, which runs the largest bond mutual fund:
"This stopgap measure would reverse the worst of the 'fiscal cliff,' when tax increases and spending cuts kick in. But it would not provide what America needs to fulfill its considerable domestic economic potential and prosper again. It is also nowhere near enhancing the country's ability to dominate in a highly competitive global economy."
"Honey, We've Shrunk the Grand Bargain." By Mohamed A. El-Erian, CEO and co-CIO, PIMCO, December 31, 2012, 8:50 p.m.