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Congress readies for more fiscal cliff talks
Nancy Pelosi, Harry Reid, John Boehner, and Mitch McConnell speak to the media at the White House after meeting with President Obama to discuss the fiscal cliff.
Nancy Pelosi, Harry Reid, John Boehner, and Mitch McConnell speak to the media at the White House after meeting with President Obama to discuss the fiscal cliff.
Roger Wollenberg/Getty Images
M

ore Republicans are backing away from a promise against raising taxes as lawmakers from both parties signal a willingness to compromise to avoid the "fiscal cliff" looming at the end of the year. Sen. Lindsey Graham (R-S.C.) became the latest GOP politician to break away from conservative activist Grover Norquist's anti-tax pledge, saying on Sunday that he would be willing to "violate" the pledge to reach a deficit-reduction deal "for the good of the country." Lawmakers this week are expected to plunge back into talks on how to prevent the potentially devastating automatic spending cuts and tax hikes due to hit Jan. 1.

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