The Fiscal Cliff Fiasco
Well, as expected, some sort of a last minute, sausage-like deal was struck at the eleventh hour. Well, actually, the twelfth hour, given that only the tax side of the equation was "solved," leaving $109 billion in immediate spending cuts still on the table.
Actually, it's even murkier than that. The deal that was struck was a Senate deal and the House could do more, less, or even just scuttle the whole thing. So let's call it a first step on the path to a deal.