Fiscal cliff breakthrough?

By: Adam Button

Fiscal cliff negotiations could take a step forward this week, according to the latest reports. A handful of top Republicans are giving up their opposition to higher tax rates on the rich, signalling possible progress in the fiscal cliff negotiations Unfortunately, the 'top Republicans' are in the Senate not the House, which is where the problem lies. Eventually, they will come to an agreement. The question is: will it take a few days of wild 'risk off' trading before Washington gets the message?