The president signals he's not bluffing over the debt ceiling.
WASHINGTON, Dec 31- Republican Senator Bob Corker said it is "highly likely" that the U.S. Senate will vote Monday night on a bill to avoid the brunt of the "fiscal cliff."
NEW YORK, Dec 31- U.S. The U.S. Congress comes back on Monday with only a few hours of actual legislative time scheduled in which to act if an agreement materializes. " Talk of a last minute deal has driven the long-end more than half a point lower, "said Richard Gilhooly, interest rates strategist at TD Securities in New York.
WASHINGTON, Dec 30- The chances of a deal to prevent the U.S. economy from tumbling over a "fiscal cliff" remained uncertain on Sunday as lawmakers haggled over how to prevent taxes for all Americans from rising on New Year's Day.
Aides to Senate Majority Leader Harry Reid, a Democrat, and Senate Republican leader Mitch McConnell worked on a compromise over the weekend to stop automatic tax hikes for most Americans on Jan. 1. Any agreement needs to be rushed through both chambers of Congress before midnight on Monday.