Post Misinforms Yet Again on Budget Negotiations

The Post again misled readers in an article on the budget standoff, which it calls the "fiscal cliff" to exaggerate the urgency of reaching a deal before the end of the year. It reported on a possible deal which it said:

"Senior Senate Republicans, meanwhile, were at work on a fallback plan that would not significantly restrain the national debt but would at least avert widespread economic damage by canceling tax increases scheduled to take effect next year for the vast majority of Americans....