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Senate passes payroll tax cut, spending bill
WASHINGTON (Reuters) - The Senate on Saturday approved a $1 trillion bill to fund the government and a two-month extension of the payroll tax cut, putting a cap on a contentious political year but setting up a fresh battle for 2012. Democrats and Republicans were unable to agree on how to cover the cost of extending payroll tax cuts and long-term unemployment benefits for a full year, as President Barack Obama requested. ... (more...) ...
Obama: Congress has no reason to wait on jobs bill
Imploring Congress to follow his lead, President Barack Obama on Tuesday lobbied lawmakers to adopt his nearly $450 billion jobs plan, promising it would help workers in the construction industry and rebuild schools in crumbling condition. Said Obama: (more...) ...
Congress punts hard payroll tax work to 2012
WASHINGTON (Reuters) - President Barack Obama signed into law a two-month payroll tax cut extension on Friday, capping a year of fierce partisan combat over taxes and spending that will resume in January and play heavily in the 2012 elections. The Senate and the House of Representatives, by voice votes in chambers nearly emptied for the holidays, passed a $33 billion (21 billion pounds) bill to keep the payroll tax rate at 4.2 percent through February. It had been scheduled to increase on January 1 to 6.2 percent. Obama swiftly signed the bill. ... (more...) ...
Summary Box: AT&T to pay $215M to TiVo for patents
PHONE BILL: AT&T Inc. will pay TiVo Inc. at least $215 million through June 2018 to settle a patent lawsuit TiVo brought regarding patents it holds over its pioneering digital video recorders. (more...) ...
Obama to GOP: Act on jobs or get run out of town
A combative President Barack Obama challenged a divided Congress on Thursday to unite behind his jobs bill or get ready to be run by angry voters. Hoping to use public frustration and economic worry as leverage, he called his proposal an insurance plan against a painful return to recession. (more...) ...
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