Washington (CNN) - House Speaker John Boehner, R-Ohio, defended Wednesday the decision to move forward with a roughly $100 billion payroll tax cut extension that is not paid for, arguing that it was the only way to prevent a tax hike.
"We were not going to allow Democrats to continue to play games and cause a tax increase for hardworking Americans," Boehner told reporters on Capitol Hill. "We made a decision to bring them to the table so that the games would stop and we would get this worked out."FULL STORY
(CNN) - Senate negotiators were unable to work out a comprehensive deal on extending the payroll tax cut and instead are proposing a two-month extension, two sources said Friday.
The possible deal still needs approval from the full caucuses of both parties, which are meeting Friday evening.FULL STORY
WASHINGTON (CNN) - Democratic and Republican leaders in the Senate are working on an agreement to hold the debt-ceiling vote on Tuesday, according to multiple Senate leadership aides from each party. The aides say the Senate vote is very likely to happen on Tuesday.