Read the full round-up HERE, give us a piece of your mind in the COMMENTS and see the live updates below of what ABC's political team is watching: 1:57 p.m. Compromise Adds Nearly $4 Trillion to Deficit A report by the Congressional Budget Office suggests the compromise legislation would add $3.9 trillion to federal budget deficit over ten years. A similar report by the Joint Committee on Taxation suggests the bill would add about $3.9 trillion over the same period. Part of the reason for that is the bill does not include promised spending cuts that lawmakers would hash out later. It is still a large number and could spook some wavering House Republicans. 1:45 p.m. Republican establishment voices (who aren't in elected office) have begun to mobilize against the Senate "fiscal cliff" deal. Here's a radio report from ABC's Vic Ratner and Steven Portnoy: 12:23 p.m. Despite Criticism, White House Sees Deal as Game Changer - And a particularly harsh review from Paul Krugman - ABC's Devin Dwyer and Matthew Larotonda report: The spin from the White House - casting the new revenue as a major victory - is at least partly aimed at grumbling liberals who have accused Obama of capitulating on a key campaign pledge: hiking tax rates on households making $250,000 or more. Read Devin and Matt's full post. Back to top The Senate passed its last-minute "fiscal-cliff" deal 89, which had eight no-votes with Marco Rubio, Paul Rand, and Mike Lee voting no. Getty Images/AP Photo/Getty Images 11:12 a.m. 2016 Potentials Ring in 2013 With "Nos" - ABC's Chris Good reports: The bill was brought to the floor by a Democrat up for re-election in 2016, Senate Majority Leader Harry Reid of Nevada; it was finalized with Republicans, and sold to Democrats, by one who could maybe run for president in 2016 (big maybe): Vice President Joe Biden.The eight no-voters were: Read Chris's full post. 10:51 a.m. Fear and Self Loathing in the Senate Chamber ABC's Michael Falcone reports: Although 89 senators eventually voted to approve the legislation that headed off across-the-board tax increases on all Americans and, at least temporarily, painful spending cuts in defense and domestic programs, they didn't sound particularly happy with themselves. In fact, many of their statements in the hours after the early morning vote sound like an exercise in self-flagellation and an acknowledgement that although they found common ground, they took far too long and took the country far too close to a potential fiscal meltdown. "It shouldn't have taken this long to come to an agreement, and this shouldn't be the model for how we do things around here," Senate Minority Leader Mitch McConnell, R-Ky. (voted "yes"), told reporters on Capitol Hill early this morning. And other lawmakers echoed his criticism: Sen. John McCain, R-Ariz. (voted "yes"): "It should be embarrassing to all of us that it took until the last hours of the last day of the year to address an issue we should have dealt with months ago. This marks another sad chapter in what has been the least productive Congress since 1947. Moreover, the fact that we're again kicking the can down the road with a short-term measure rather than moving forward with the fundamental tax and entitlement reform we all know our nation needs is yet another signal of the lack of leadership at all levels in Washington today. Sen. Jay Rockefeller, D-W.V. (voted "yes"): "The American people are sick and tired of seeing their elected officials bicker over petty politics while they are working hard every day to feed their families and keep or find jobs. ... The House must move swiftly to pass this legislation, and I deeply hope that Congress can work together better going forward." Sen. Dan Coats, R-Indiana (voted "yes"): "Careening from crisis to crisis, addressing the fiscal cliff in the 11th hour is no way to govern. Once again, Washington missed an opportunity to present a real, long-term deficit reduction plan that would address our fiscal crisis. This stop gap measure is simply the lesser of two evils. Allowing our country to slip off the fiscal cliff and raise taxes on every American is unacceptable. American taxpayers should not have to pay the price for Washington's dysfunction. Sen. Marco Rubio, R-Fla. (voted "no"): "Many Americans will be relieved in the short term that their taxes won't go up. Michael Falcone 10:48 a.m. House Democrats Will Meet at 12:15 - And reprising his role from last night's meeting of Democrats in Senate, Vice President Biden will appear to sell the deal to wavering Democrats. Parkinson 9:37 a.m. House GOP will Meet after Noon - Republicans in the House will meet at 1 p.m. in a closed session to consider the Senate-passed fiscal cliff deal. It probably won't be clear until after that meeting if or when there could be a vote in the House on the bill. John Parkinson Here's Jonathan Karl's report from Good Morning America: The bill passed by the Senate extends Bush-era tax cuts permanently for individuals making less than $400,000 per year and couples making less than $450,000. These thresholds apply to taxable income, which is calculated after deductions for things like Medicare, employer-sponsored health insurance, and contributions to retirement plans. The top rates for those households would rise from 35 to 39.6 percent. Households earning between $250,000 and $450,000 could see tax rates rise because of some expiring tax deductions. Other provisions: The steep "sequester" budget cuts - $110 billion across the board - that were scheduled to go into effect with the New Year will be postponed for two months. This sets up a tough new debate over those same budget cuts along with a brewing fight over the $16.4 trillion debt ceiling.