The U.S. Senate struck a deal early Tuesday morning.
Now, the fiscal cliff negotiations have shifted to the House. GOP members are huddling up Tuesday night to decide if the Senate bill has enough support to pass or if they will amend it.
The agreement postpones harsh across-the-board spending cuts for a few months. It also makes Bush era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000.
Even though the country officially went over the fiscal cliff at midnight Monday, the Senate version of the bill makes all tax cut extensions retroactive to the beginning of the year.
So, will the House go along with the Senate's bill? Vermont Congressman Peter Welch appeared on the Channel 3 News at 6 p.m. live from Washington to discuss the latest on the negotiations. Watch the video for more.
Sunday, March 9 2014 6:21 PM EDT2014-03-09 22:21:59 GMT
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ANNOUNCER: FROM VERMONT'S MOST TRUSTED SOURCE, WCAX BRINGS YOU YOUR NEWSMAKERS, YOUR NEIGHBORS, THIS IS "YOU CAN QUOTE ME". >> HELLO, WELCOME TO "YOU CAN QUOTE ME", I'M KYLE MIDURA, TODAY WE TALK ABOUTMore >>
Stephen Dale, the executive director of the Vermont School Boards Association joins Kyle Midura to discuss education in Vermont.More >>