Technically, the United States has gone over the fiscal cliff with January 1 arriving before a new budget was passed to avert a series of automatic tax increases and deep spending cuts. But, the Senate said Tuesday morning that the White House and Senate Republicans have come to terms to raise taxes on households bringing-in more than $450,000, extend unemployment benefits and postpone spending cuts for two months.

The 60-day delay of so-called “sequester” spending cuts, holds-off on $100 billion in military and domestic expense cuts that were set to happen in 2013 until a new proposal can be agreed Read More