House passes tax deal, sends to Obama
December 17th, 2010
07:34 AM ET
3 years ago

House passes tax deal, sends to Obama

Washington (CNN) - The House of Representatives gave final approval late Thursday night to the $858 billion tax deal negotiated by the White House and top Senate Republicans, sending it to President Barack Obama to be signed into law.

After a day of legislative wrangling that delayed consideration of the measure for several hours, the final vote of 277-148 had almost equal numbers of Democrats and Republicans in support.

FULL STORY

Filed under: House • President Obama • Taxes
POLITICAL HOT TOPICS: Friday, December 17, 2010
December 17th, 2010
04:46 AM ET
3 years ago

POLITICAL HOT TOPICS: Friday, December 17, 2010

The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.

WASHINGTON/POLITICAL
For the latest political news: www.CNNPolitics.com

CNN: House passes tax deal to send it to President Obama
The House of Representatives gave final approval late Thursday night to the $858 billion tax deal negotiated by the White House and top Senate Republicans, sending it to President Barack Obama to be signed into law. After a day of legislative wrangling that delayed consideration of the measure for several hours, the final vote of 277-148 had almost equal numbers of Democrats and Republicans in support. The package includes a two-year extension of the Bush-era tax cuts set to expire December 31. It also would extend unemployment benefits for 13 months, cut the payroll tax by 2 percentage points for a year, restore the estate tax at a lower level and continue a series of other tax breaks.

CNN: Senate Democrats give up bid to pass $1.1 trillion spending bill
In a dramatic twist played out on the floor of the Senate, Majority Leader Harry Reid conceded Thursday night he lacked the votes to bring up a $1.1 trillion spending bill designed to fund the federal government for the rest of the current fiscal year. Reid, D-Nevada, accused Republicans of withdrawing previously pledged support for the bill, and said he would work with the Senate Republican leader to draft a short-term spending measure that would keep the government running beyond Saturday, when the current spending authorization resolution expires. "A number of Republican senators told me they'd like to see this pass, but they can't support it," Reid said, adding that nine GOP senators who previously told him they backed the bill had changed their stance.

FULL POST


Filed under: Political Hot Topics
newer posts »