News Headline Summary

Emerging 'fiscal cliff' deal would raise tax rates for individuals with income above USD 400K a year and households above USD 450K a year according to a source familiar with the talks

Source says:
- Fiscal deal would include permanent alternative minimum tax fix, extend unemployment insurance benefits for one year.
- Fiscal deal postpones sequester, would include some USD 600bln in revenue.
- Fiscal deal would include permanent extension of middle class tax cuts.

Print 17:39, 31 Dec 2012 - Economic commentary - Source: Newswires