Fiscal cliff deal awaits president's signature

After weeks of gridlock, a late night deal to pull the country back from the fiscal cliff awaits a signature by the president. The measure

The measure raises taxes for people who make more than $400,000 a year.

The measure raises taxes for people who make more than $400,000 a year. (1/2/13)

NORWALK - After weeks of gridlock, a late night deal to pull the country back from the fiscal cliff only needs the signature of President Obama to become law.

The measure raises taxes for people who make more than $400,000 a year, and couples who make more than $450,000 annually.

The deal also extends long-term unemployment benefits and prevents a cut in fees for doctors who treat Medicare patients.

"Avoiding the fiscal cliff means 1.4 million families in Connecticut will not be hit with very steep, severe tax hikes," said Sen. Richard Blumenthal (D-Conn.).

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