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  • Congress passes payroll tax cut extension

    Updated at 2:58 pm ET - By a vote of 60 to 36, the Senate passed a bill Friday to keep the Social Security payroll tax at its lower 4.2 percent rate and to extend unemployment benefits.  Republican leaders were split on the measure, with GOP Leader Sen.

  • Congress may OK short-term stimulus, but fiscal train wreck looms

    The signs look hopeful for a short-term accord in Congress on extending the payroll tax cut and unemployment benefits. But right after Election Day, a lame-duck Congress will face a horrific fiscal train wreck: sharp tax increases, combined with automatic spending cuts -- a …

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jollyoldsoul1

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