Democratic officials: Fiscal 'cliff' deal reached

Monday, December 31, 2012 | 1:21 p.m. CST; updated 9:51 p.m. CST, Monday, December 31, 2012

WASHINGTON — Racing the clock, the White House reached a New Year's Eve accord with Senate Republicans late Monday to block across-the-board tax increases and spending cuts in government programs due to take effect at midnight, according to administration and Senate Democratic officials.

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