Possible deal to avert "fiscal cliff" is taking shape, aides say

President Barack Obama and House Speaker John Boehner, R-Ohio, have proposals to avert the "fiscal cliff" on the table, and the broad outlines of a possible compromise are emerging, sources say. 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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