CNN is reporting that “significant progress” is being made this morning regarding the fiscal cliff.
A possible deal to avert the midnight deadline for the “fiscal cliff” of automatic tax increases and spending cuts began to take shape Monday, including an agreement to raise the income tax rate on top earners to what it was during President Bill Clinton's last term in office, according to sources close to the process.
Other potential deals include increasing estate tax and extending unemployment benefits.
“I think now there's a better than a 50-50 chance that we will avoid the fiscal cliff by midnight tonight,” said Rep. Chris Van Hollen of Maryland, the ranking Democrat on the House Budget Committee.
Does all this have you worried?