Biden will discuss "fiscal cliff" deal with House Democrats

WASHINGTON (Reuters) – Vice President Joe Biden will meet with fellow Democrats in the House of Representatives on Tuesday to discuss the “fiscal cliff” deal that he forged with Senate Republican leader Mitch McConnell, a Democratic aide said. The meeting is to be held at the Capitol at 12:15 p.m. ET (1715 GMT). Biden needed to help sell Senate Democrats on the deal before they joined Republicans at about 2 a.m. ET (0700 GMT) in approving the measure. The Republican-led House may vote on the bill as early as later in the day. (Reporting By Thomas Ferraro; Editing by Vicki Allen)

Illinois lawmakers put off vote on pension reforms

SPRINGFIELD, Illinois (Reuters) – Divided Illinois lawmakers on Thursday put off a vote on proposed changes to its vastly underfunded public employee pension system, risking further credit rating downgrades of the state. Tom Cross, the Republican leader of the state House of Representatives, announced that too few House Democrats would support the current form of the legislation so he had agreed with Governor Pat Quinn not to call for a vote on it. “We have to be willing to find some common ground,” a weary-sounding Cross told fellow lawmakers. “We need to let emotions settle down. …