Frontrunning: January 2

Senate-Passed Deal Means Higher Tax on 77% of Households (BBG) Bipartisan House Backs Tax Deal Vote as Next Fight Looms (BBG) Fresh stand-off looms after US cliff deal (FT) Congress Deal Averting Tax Increase Curbs Risk to States (BBG) How Colombian drug traffickers used HSBC to launder money (Reuters) Danes Face New Reality in Struggle to End Crisis, PM Says (BBG) Ban on demanding Facebook passwords among new 2013 state laws (Reuters) Oil Climbs to Three-Month High as U.S. House Passes Budget Bill (BBG) Cameron seeks bold steps from G8 leaders (FT) China to outstrip Europe car production (FT) North Korea Picks Stronger Economy, South Ties as Top 2013 Tasks (BBG) Overnight Media Digest WSJ * Congress broke a rancorous stalemate on Tuesday to pass legislation designed to avert the so-called fiscal cliff. But the compromise bill, which blocked most impending tax increases and postponed s...