Rep. Hoyer: Tax cut a 'good Christmas present'
Congress on Friday approved a two-month renewal of payroll tax cuts for 160 million workers and unemployment benefits for millions. Back-to-back voice vote approvals of the measure took place in the Senate and House. (Dec. 23)
Al Hunt on Payroll-Tax Cut Extension, Iowa Caucuses
Dec. 23 (Bloomberg) -- Al Hunt, executive editor at Bloomberg News, talks about final congressional approval of a two-month U.S. payroll-tax cut extension and the outlook for the Iowa caucuses.
He speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
Obama signs payroll tax cut extension
President Obama signed legislation extending a payroll tax cut for two months. The action concludes an end-of-year drama that split Republicans and threatened a tax hike on 160 million Americans. (Dec. 23)
Harry Reid: Start compromising in 2012
Senate Majority Leader Harry Reid (D-Nev.) called on Democrats and Republicans to end partisan fighting and return to compromise in the new year. Reid made the remarks after the Senate approved an extension to the payroll tax cut. (Dec. 23)
Rep. Steny Hoyer gets angry after GOP walkout
House Democratic Whip Steny Hoyer accused Republicans of "walking away" from Americans in need of tax relief. He made the comments on the House floor when the chamber adjourned for the day after conducting no business. (Dec. 21)
Obama: Congress must extend payroll tax cut
President Barack Obama says there is no reason for the government to shut down. He said Congress "cannot and should not leave for vacation" until they've made sure that a payroll tax increase doesn't happen. (Dec. 15)