payroll tax cut

The $143 billion payroll tax cut won by President Barack Obama may be the last significant measure he receives from a deeply divided Congress as Election Day approaches.

President Barack Obama is praising congressional leaders of both parties for negotiating a 10-month extension of a payroll tax cut and is calling on lawmakers to support the agreement.

A top lawmaker says the House and Senate have sealed a final agreement on legislation to renew a 2 percentage-point cut in the payroll tax and jobless benefits for millions of unemployed workers.

House and Senate negotiators have reached tentative agreement on renewing a payroll tax cut that delivers about $20 a week to the average worker. They hope to send the legislation to President Barack Obama as early as this week.

Prospects for extending President Barack Obama's signature payroll tax cut, once considered a slam dunk on Capitol Hill, now seem far less certain as House-Senate talks have deadlocked over finding ways to pay for it.

Stocks closed higher after a quiet, pre-holiday session that left the S&P 500 positive for the year.

Congress on Friday approved a two-month renewal of payroll tax cuts for 160 million workers and unemployment benefits for millions, handing President Barack Obama a convincing victory for his jobs agenda.

Their isolation complete, House Republican leaders abruptly caved and agreed to demands by President Barack Obama, congressional Democrats and fellow Republicans for a two-month extension of tax cuts for all workers. The agreement, struck after some of the staunchest House conservatives began to retreat, also would renew jobless benefits for almost two million people and spare doctors from a big c

As Americans watch yet another political drama play out on Capitol Hill -- this time over whether to extend the payroll tax cut and jobless benefits -- they have a question for Congress: Can't you all just get along? For once?

As Americans watch yet another political drama play out on Capitol Hill -- this time over whether to extend the payroll tax cut and jobless benefits -- they have a question for Congress: Can't you all just get along? For once?