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. …

Quoted from Divided lawmakers muster modest tax deal on Yahoo! News – Latest News & Headlines

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