Published Monday, Dec. 31, 2012 | 9:54 a.m.
Updated Monday, Dec. 31, 2012 | 12:20 p.m.
WASHINGTON — Working with Congress against a midnight deadline, President Barack Obama said Monday that a deal to avert the "fiscal cliff" was in sight but not yet finalized. The emerging deal would raise tax rates on family income over $450,000 and individual income over $400,000 a year, increase the estate tax rate and extend unemployment benefits for one year. "There are still issues left to resolve but we're hopeful Congress can get it done," Obama said at a campaign-style event at the White House. "But it's not done." In the building New Year's Eve drama, the parties still were ...
Associated Press writers David Espo, Andrew Taylor, Alan Fram and Josh Lederman contributed to this report.