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.
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.
Republicans are prepared to extend the payroll tax cuts for another year, but Democrats conceding on the so-called “millionaires tax” would not likely be enough to reach an agreement on a deal, says Senate Minority Leader Mitch McConnell.
Are Republicans prepared to extend unemployment benefits, if the Democrats agree to the Keystone pipeline? Discussing the ongoing payroll tax stalemate on Capitol Hill, with Sen. Mitch McConnell, (R-KY).
Republicans are accusing President Obama of waging "class warfare" with his proposal for a new "Buffett Rule" that would create a minimum tax rate for anyone making more than one million dollars a year.
Seeing the president and members of Congress in action gives a new perspective on the debt talks. Click for scenes from the talks, in the month leading up to the compromise.
If the rest of the country thinks that Washington has gone mad this summer, that is pretty much the view in this bewildered capital, too. The New York Times reports.
It's this quartet who will have to draw on their experience, skill and charm to find the deal and the votes to pass it for averting an unprecedented government default next week..
With a default deadline looming, House Republican leaders are giving the Tea Party what amounts to a symbolic floor vote on its "cut, cap and balance" debt-limit plan.
The White House says President Barack Obama is stepping directly into stalled debt talks, inviting Senate Majority Leader Harry Reid and Republican leader Mitch McConnell separately to discussions Monday.