Dec 16, 2011

News Alert: Senate Reaches Tentative Deal to Extend Payroll-Tax Cut by Two Months

Breaking News Alert
The New York Times
Friday, December 16, 2011 -- 7:57 PM EST
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Senate Reaches Tentative Deal to Extend Payroll-Tax Cut by Two Months

Senate leaders said Friday night that they had reached a deal that would extend a payroll tax cut for two months. The agreement also would speed construction of an oil pipeline from Canada to the Gulf Coast — a provision necessary to win over Republicans who opposed the tax break.

News of the deal came as the 112th Congress lurched toward the end of its tumultuous first session. Earlier Friday the House finished off one of its last major pieces of business for the year with a 296-121 vote to approve a $1 trillion spending bill that would keep the government funded through Sept. 30, 2012. The Senate is set to approve it Saturday.


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