Caved again? Two-month payroll tax cut in exchange for quick pipeline decision

Lawmakers on Friday agreed to extend a payroll tax cut for two months after Democrats bowed to Republican demands to expedite approval of a controversial oil pipeline.

The deal, which still would have to be approved by the full Senate and House of Representatives, fell far short of President Barack Obamas push for a one-year extension of the tax relief and long-term unemployed benefits to boost the countrys fragile economic recovery.


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