New deal prevents 'Fiscal Cliff' financial drop-off

Senators come to an agreement to avoid 'Fiscal Cliff' drop-off. / From file

As most Americans were bringing in the new year Monday night, the Senate was gathered after an 11-hour debate to avoid the so-called, 'Fiscal Cliff.'

Vice President Joe Biden, in coordination with Senate Republican leader, Mitch McConnell, put together the new deal and delivered it before the Senate for a vote, in which the new deal was approved.

The new bipartisan agreement raises taxes on single earners who make equal to, or more than $400,000 dollars a year, and married couples earning equal to, or more than $450,000 dollars.

Although the deal made it through the Senate, there is still work to be done with the House of Representatives looking through the new plan today.

We spoke with Georgia Senator, Johnny Isakson (R-GA) to find out how this new deal will affect Americans throughout the country, and more specifically residents of the State of Georgia.

Stay connected to and the FOX 31 News at 10:00 PM for more on this story as it continues to develop.