Democrat Senate failed to pass budget causing fiscal cliff
Throughout our nation's history, federal budgets have been passed to keep spending in control so spending is controlled and there is no need to raise taxes. Yahoo "news" not pointing finger at Democrat Senate who has refused to pass any budget bill given to them, including one from Obama.
There should be no deal because the House passed several budgets this year and the limelight is actually on the Democrat Senate to take action. If they don't states like California will start paying over 52% income tax.