U.S. Senate is expected to approve a $858 billion tax deal

The U.S. Senate is ready to vote on an $858 billion tax package that would keep Bush-era tax cuts in place for all income levels, extend unemployment benefits and cut payroll taxes, said Senate Majority Leader Harry Reid, D-Nev. Sen. Mitch McConnell, R-Ky., predicted passage by a "very substantial margin."

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