Aides: Deal to avert "fiscal cliff" starts to take shape

President Barack Obama and U.S. House Speaker John Boehner have proposals on the table to avert the "fiscal cliff" and the broad outlines of a possible compromise are emerging. New tax revenues would be raised from the wealthy and cuts to health and retirement programs would reduce spending, senior aides said. Across-the-board cuts to federal agency spending would provide additional savings, they said.

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