House and Senate leaders could reach a deal tonight on extending the payroll tax cut, jobless benefits, and the Medicare reimbursement rate, The Hill's Bernie Becker reports.
House Republicans will agree to extend the payroll tax cut for another 10 months without making up for the lost revenue with budget cuts, as they'd previously demanded, reports Bloomberg.
President Obama spoke, after nearly an hour's delay, about the payroll tax deal before heading to Hawaii for his Christmas vacation.
The fight over the payroll tax cut accomplished almost nothing in terms of real world policy changes, but has provided the president with a huge political victory heading into 2012.
President Barack Obama's brief speech on the payroll tax cut gridlock turned up the heat on House Republicans telling them, "Enough is enough."
House Republicans want to work out a compromise with President Barack Obama about extending the payroll tax break, but they can't just offer to do so without a bit of snark.
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