The House of Representatives won't vote on any plans to avert the fiscal cliff on Monday, leaders have told members.
President Barack Obama said earlier in the day that an agreement to avert some of the automatic tax increases and spending cuts appeared to be "within sight," and Senate Minority Leader Mitch McConnell said a deal was "very, very close."
There would be little practical difference in settling the issue Monday versus Tuesday, sources said. One exception: If lawmakers approve a bill on Tuesday -- after tax rates have technically gone up -- they can argue they've voted for a tax cut to bring rates back down, GOP sources said.
Follow complete coverage of breaking news on CNN.com, CNN TV and CNN Mobile.
Follow developing stories with the CNN App.
Download it today from your app store and
You have opted-in to receive this e-mail from CNN.com. To unsubscribe from Breaking News e-mail alerts, go to: http://cgi.cnn.com/m/clik?l=textbreakingnews
One CNN Center Atlanta, GA 30303
(c) & (r) 2012 Cable News Network