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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...) ...
Divided lawmakers muster modest tax deal
WASHINGTON (Reuters) - Deeply divided U.S. lawmakers on Friday eked out an agreement to extend payroll tax cuts for just two months, and only after Democrats bowed to Republican demands on a controversial oil pipeline. The deal, which still needs approval of the full Senate and House of Representatives, fell far short of President Barack Obama's push for a one-year extension of the tax relief and long-term unemployed benefits to boost the country's fragile economic recovery. ... (more...) ...
Unemployment near three-year low
WASHINGTON (Reuters) - U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam. Nonfarm payrolls increased 200,000 in December, the Labor Department said on Friday. It was the biggest rise in three months and beat economists' expectations for a 150,000 gain. The unemployment rate fell from a revised 8. ... (more...) ...
Obama prods GOP on payroll tax cut
President Barack Obama accepted a move by Senate Democrats to scale back his Social Security payroll tax cut extension on Monday, then prodded Republicans to support it despite a requirement for the very wealthy to pay more taxes. (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...) ...
U S Senate passes 2 The U S Senate voted Saturday morning to extend federal unemployment insurance for two months so Congress could go home for the holiday and fight about this issue related searches: senate, passes, month, unemployment, Politics U S Senate Passes The U S Senate passed a bill which had a provision for renewed unemployment extension benefits Floridas U S Senator Bill Nelson voted for the bill while Senator Marco Rubio related searches: politics, senate, passes, unemployment, SIOUX FALLS SD Congress continues to wrangle with the of benefits The Hoe has passed a version that would cut the term of benefits The today passed legislation that extends and COBRA benefits until the end of the year for most but not all unemployed The legislation passed on a 62 36 From httpwww nytimes com20100721politics21jobs html July 20 2010 of Benefits for the Jobless Clears Hurdle By CARL HULSE WASHIN Delicio By EGP Editorial The United States Hoe of Representatives is spending a great deal of time debating two bills HR 3010 and HR 10 intended to disp The has voted to extend benefits for two months through the end of February 2012 The next step is for the Hoe to vote on the legislatio By Jennie L Phipps MLive com Contributor AP The voted Saturday morning to extend federal insurance for two months so Congress could go