Both the House and the Senate were in session Sunday evening, but a bipartisan push by Senate leaders fell short. Monday is the last day to avoid the tax hikes and spending cuts, though Congress may still reach a deal over the next few days.
Source: http://www.npr.org/2012/12/31/168322294/after-fruitless-weekend-congress-still-seeks-fiscal-deal?ft=1&f=1006
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