White House and Senate Republican negotiators have reached a tentative deal on the fiscal crisis, sources told Fox News -- but Vice President Biden made a late-night visit to Capitol Hill to try to get rank-and-file Senate Democrats on board.
A senior official told Fox News that President Obama has gotten the sign-off from Senate Democratic Leader Harry Reid and House Democratic Leader Nancy Pelosi. But the official said they are “not spiking the ball” yet.
Both chambers of Congress still must pass whatever is introduced, and negotiators could face some heavy lifting in selling the plan to skeptical House conservatives as well as liberal Democratic senators.
The framework for a deal, though, was coming together even as it became clear Congress would likely miss a midnight deadline for action -- leaving taxpayers unsure about how much they'll be paying in 2013.
For the near-term, it appears a tax hike will technically go into effect on Jan. 1.
But the goal is to produce a bill that could patch up the problem in the coming days, sparing most Americans from any major hit. Though the House adjourned for the night, Senate leaders were hoping to hold a vote in the coming hours.
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