Talk of The Nation

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NEAL CONAN, HOST:

Right now in Pasadena, the floats in the annual Tournament of Roses Parade are the homestretch. The Rose Parade is a long-established national tradition, of course, watched every year by hundreds of thousands across the country. Los Angeles Times columnist Patt Morrison covered the event many times and wrote today: Its huge cultural shadow has been as much about what you didn't see on display as what you did.

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NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. Early this morning, the Senate approved a fiscal cliff package that includes some important steps forward on taxes, an unemployment extension and a new farm bill, among others. But now it appears that bill may be in trouble in the House of Representatives. NPR senior Washington editor Ron Elving joins us now from his home here in Washington, D.C. Ron, Happy New Year.

RON ELVING, BYLINE: Happy New Year to you, Neal.

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NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan. This afternoon, House Democrats and Republicans are meeting separately to consider the Senate-approved deal that would avert automatic tax hikes and spending cuts known as the fiscal cliff. Some House Republicans indicate they'd like to amend that bill and send it back to the Senate, which if it doesn't get done tonight could invalidate the negotiated deal. It would then become a problem for the next Congress, which takes office on Thursday. As of now, no vote is scheduled.

Republicans and Democrats have until midnight tonight to avoid going off the so-called fiscal cliff. If they can't reach an agreement by then, automatic tax hikes and spending cuts will kick in.