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.

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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.

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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.

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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.

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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.

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

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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.

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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

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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?

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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?

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