But the larger deal is not yet done. Camp and Baucus were still wrestling with whether to include expiring tax extender provisions in the conference report. They were also still working out the details on the structure of the offsets for about $60 billion in unemployment and Medicare doc fix provisions. A source familiar with the talks said the most recent version included offsets such as spectrum auctions and savings from reforming federal workers’ pensions. Another source indicated that renewable tax credit extenders would be part of the deal. Reid noted today that he hoped “some of the extenders we’re concerned about” would be included.
Major progress in the talks began in earnest at the end of last week and continued through the weekend. Sources said they believe Wednesday will be crucial in determining whether either chamber will vote on the conference report — which can’t be amended — or if they will move on separate legislation that would have to start in the House.
This article updates the print version to include reactions from House Majority Leader Eric Cantor.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.