7:45 a.m. E.T.

New York Times: “Adjusting Expectations for Obama’s 2nd Inaugural”

Washington Post: “Patty Murray Likely to be a Key Voice in Senate on Budget Deal”

Wall Street Journal: “‘Fiscal Cliff’ Debate Hits Airwaves”

Associated Press: “House to Consider Limited GOP Immigration Bill”

Politico: “A New Bush Rises”

The Hill: “Reid Faces Task of Mending Fences with GOP After Campaign Attacks”