BREAKING: Tentative deal reached on payroll tax cut extension
(CNN) - Congressional negotiators have reached a tentative deal to extend the payroll tax cut and unemployment benefits while avoiding a fee cut for Medicare doctors, according to Republican legislators and aides.
GOP rejects Dems offer in 'super committee,' negotiations 'deadlocked' over taxes
Washington (CNN) - Democrats on the so-called "super committee" proposed during a closed meeting Tuesday a $3 trillion plan designed to slash the federal deficit but Republicans swiftly and decisively rejected it because it relied heavily on tax increases, according to several congressional sources from both parties.
One top Republican aide described the Democratic offer as "outrageously absurd" and a "non-starter," and a sign the super committee may ultimately fail. But this is the first time in the months since the committee began its negotiations that any group in the committee has offered a specific plan.
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