Originally published on Sun December 30, 2012 7:36 pm
Senate negotiators failed to reach a deal Sunday on averting the "fiscal cliff," with the chamber adjourning for the night and only one day remaining before a package of spending cuts and tax increases automatically kicks in.
Majority Leader Harry Reid said the Senate will go back in session at 11 a.m. ET Monday. It's at least theoretically possible that negotiators might reach a deal and the Senate will have a package to vote on when it reconvenes Monday, meaning the measure could go to the House — where it may or may not come to the floor for a vote.
Pedestrians pass the Dow Jones display ticker in Times Square on Wednesday in New York. U.S. shoppers spent cautiously this holiday season, a disappointment for retailers that slashed prices to lure people into stores and now must hope for a post-Christmas burst of spending.
Last year marked the first time in more than six decades that there was no Kennedy in elected office in the nation's capital.
But that gap ends this week with the inauguration of Rep.-elect Joseph Kennedy III of Massachusetts. The son of former Rep. Joe Kennedy and the grandson of the late Robert F. Kennedy was elected by a 2-1 margin in his first run for office.
There's little denying that Kennedy's election was about more than just him.