Over the cliff, but with a bungee cord? No House vote tonight; Defense Dept. preparing furloughs; Update: Senate says deal ‘almost done'; Biden to the rescue; Cuts delayed 2 months

This isn’t really surprising, is it? It’s official at last: the House of Representatives will not vote on a fiscal cliff deal tonight, so it’s over the edge we go.

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The House GOP are scheduled to meet at 5 p.m. tonight, but the only order of business is a Superstorm Sandy relief bill. Sources say the House will not vote on a Senate bill if the Senate does manage to produce one.

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Ohio’s Rep. Steven LaTourette, a Republican, calls the whole process “disgusting.”

https://twitter.com/ChadPergram/status/285884105130930176

What does that mean for the average American? We’re not certain (especially about that “bungee cord” metaphor). The Defense Department is reportedly preparing to send out 800,000 layoff notices.

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Congress still gets that pay raise, though, although Rep. Michelle Bachmann has just announced she’ll introduce legislation to stop that from happening.

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One plus: the markets seem to be happy about the news.

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Many are qualifying their news of our plunge over the cliff with the word “technically.” Cuts aren’t scheduled to take place until Wednesday, which still leaves some time for a vote.

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Update:

The House is scheduled to reconvene tomorrow at noon. House Speaker John Boehner had advised representatives to stay near the Capitol tonight.

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In the meantime, the Senate has been working on its version of a bill, and sources say a deal there that will delay the sequester for two months is nearly done.

https://twitter.com/DanaBashCNN/status/285885612194660352

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Others say it might be 2013 before the Senate actually votes.

http://twitter.com/LisaDCNN/statuses/285886519661694976

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Update:

It looks like a long night ahead for both the Senate and the reporters covering it.

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http://twitter.com/sgallman/statuses/285926462048043008

http://twitter.com/YellinCNN/statuses/285927583219060736

http://twitter.com/LisaDCNN/statuses/285926339675041792

So, what have Biden and the Senate Democrats come up with? One source says — shocker — higher income taxes.

https://twitter.com/feliciasonmez/status/285927057588891648

http://twitter.com/chucktodd/statuses/285927259028733952

Here’s a refreshing change: the word “cave” appearing somewhere else besides next to the name “Boehner.”

https://twitter.com/rebeccagberg/status/285928215384567808

https://twitter.com/brianbeutler/status/285929437172731904

Reports indicate that the Senate and White House have managed to kick the can down the road two whole months. With all the excitement of a deal getting done, is anyone actually happy with it?

https://twitter.com/repjustinamash/status/285933710723923968

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