Congress is franctically trying to reach agreement before midnight when the Bush tax cuts expire and across the board federal government cuts go into effect.

Financial advisor Troy Reinhart with Northwest Quadrant Wealth Management says if we go over, there will be a lot of losers, mostly the American public.

"And politically there's gonna be no winners in this.  Democrats and Republcians ... everyone is going to get blamed if we go over.  It's going to leave a bad taste in everyone's mouth.  There will be no political winners in this.  So we'll have to find some way to come up with a solution."

In the final hours, it appears an emerging tentative agreement would extend the current rates rates for households making 450-thousands or less.  It would also extend  unemployment benefits set to expire Tuesday.