US confident of fiscal cliff deal

Senior Republican senator Bob Corker yesterday voiced confidence that US lawmakers would forge a deal on the year-end “fiscal cliff”, while a top aide to President Barack Obama, David Alexrod, signalled a willingness to compromise over raising tax rates on the rich. Axelrod asked if it was possible to raise enough revenue to curb the deficit without increasing the top tax rate, while praising Republican remarks about the need to tackle it.