Vice President Joe Biden will lobby Senate Democrats to support a deal the White House cut with Senate Republicans to prevent across the board tax increases and spending cuts from taking effect early next year.
The late night caucus meeting will begin at 9:15 p.m., according to the office of Senate Majority Leader Harry Reid. Many of the details of the agreement were finalized earlier Monday.
But in a development that displeases Senate Democrats, the White House has agreed to two key demands — to delay the sequester for a brief two months (Democrats wanted a full year delay) and to index the $5 million threshold for the estate tax to inflation.
