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President Obama signed legislation Friday extending a payroll tax cut for two months, concluding an end-of-year drama that split Republicans and threatened a tax hike on 160 million Americans.
Congress is set to move out its payroll tax extension deal today, but the plan could still get hung up if anyone in the House rank and file gets testy.
Speaker John Boehner, (R-OH) says a two month agreement has been reached on the payroll tax-cut extention bill and he will ask for unanimous consent.
Speaker John Boehner speaks on the payroll tax extension. 'It's time for us to sit down and have a serious negotiation and solve this problem so American workers don't see their taxes go up in January,' he says.
For the first time in our survey, not one newsmaker emerged a winner. See how President Obama, Bernanke, Brian Moynihan and others fared.
An extension of the payroll-tax cut was in serious jeopardy Tuesday as the House and Senate refused to negotiate a compromise that affects 160 million Americans.
Speaker of the House John Boehner speaks to the decision for a formal conference to resolve the differences for the payroll tax cut bill between the Senate and the House.
The GOP-led House rejected a Senate bill to extend the payroll-tax cut for two months, putting the two chambers on yet-another collision course with millions of Americans facing tax increases and cuts in jobless benefits if the dispute is not resolved by year-end.
Scheduled to vote today, the House of Representatives is contentiously debating a Republican proposal that rejects a two-month extension of the payroll tax cut and unemployment benefits.
The U.S. House of Representatives will vote sometime Tuesday on a Republican plan calling for new negotiations with the Senate on extending a payroll tax cut now set to expire on Dec. 31, House lawmakers said on Monday.
Valerie Jarret, President Obama's senior advisor shares details behind House Speaker John Boehner's promise to vote down a Senate bill that extends payroll tax cuts for another two months.
Both parties agree the payroll tax cut needs to be extended for a year, says Rep. John Boehner, (R) House Speaker. "You can't do tax policy two months at a time," he adds.
As we seek your votes on this year's candidates, you’ll note that we have few repeats from 2010 and only one person who also made our inaugural list of 2009.
After struggling all year for an economic message that resonates broadly with Americans in hard times, President Obama and Congressional Democrats have settled on one they believe can carry through next year’s election as they use a fight over payroll taxes to portray Republicans as defenders of the wealthy at the expense of the middle class. The New York Times reports.
Didn’t our Democratic friends always intend to derail the supercommittee over the top Bush tax rates? You remember that $800 billion revenue number always floating around from the Democratic leaks?
Lawmakers in Washington are still at odds over spending and debt reduction. There's a key vote in the Senate later today, but is there any chance of a resolution? CNBC's John Harwood explains. Harwood also weighs in on the likelihood of a Chris Christie presidential run.
It's back to the future as Congress tussles over a continuing resolution to fund the government. Here's how to trade on the brinkmanship.
Whether the taxes on the rich in Europe raise enough money to close much of their budget shortfalls, they are being promoted as a step toward economic fairness at a time when governments are cutting spending on social programs like pensions, health care and education. The New York Times reports.
House Speaker John Boehner is calling for tax reform. In a speech today at the Economic Club of Washington, Boehner stressed the need to close loopholes and not raise income taxes that would hurt job growth.
Is all the partisan bickering and clashing hurting the economic recovery? Andrew Parmentier, Height Analytics, and Bill George, former Medtronic chairman/CEO weigh in.