Political Headlines December 15, 2011: Congress Reaches Spending Deal, Averts Government Shutdown — Negotiating Two Month Payroll Tax Extension

POLITICAL HEADLINES

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

IN FOCUS: CONGRESS REACHES SPENDING DEAL, AVERTS GOVERNMENT SHUTDOWN — NEGOTIATING TWO MONTH PAYROLL TAX EXTENSION

Congress reaches spending deal: Congressional negotiators signed off Thursday evening on a sweeping $1 trillion spending agreement for federal agencies, just 28 hours before a deadline that would have led to a government shutdown.
Members of the House and Senate Appropriations Committees gave final approval to a plan after a four-day standoff that became entangled in a separate issue related to the payroll tax holiday. That negotiation, according to lawmakers and aides, also could be headed toward an agreement…. – WaPo, 12-15-11

  • Lawmakers Agree on Spending Bill, Avoiding Shutdown: Congressional leaders said they had agreed on a spending measure to keep the government running for nine months, but agreement on the payroll tax cut was still elusive…. – NYT, 12-15-11
  • Congressional leaders reach spending deal to avoid government shutdown: Congressional negotiators signed off Thursday evening on a $1 trillion spending agreement for 2012 for federal agencies, barely 27 hours before a deadline that could have led to a government shutdown. After dropping minor policy prescriptions that … – WaPo, 12-15-11
  • Congressional negotiators preparing 2-month payroll tax cut, jobless benefits: Senate Majority Leader Harry Reid says congressional bargainers are preparing a two-month extension of the payroll tax cut and expiring jobless benefits as a fallback plan in case negotiations on a yearlong package don’t succeed. … – WaPo, 12-15-11
  • Lawmakers Agree on Budget, Consider Two-Month Tax Cut Extension: The US Senate’s top Democrat said his colleagues are considering a two-month extension of an expiring payroll tax cut and extended unemployment benefits if they are unable to strike a deal on a longer-term plan … – BusinessWeek, 12-16-11
  • Congressional negotiators agree on $1T spending measure to avert government shutdown: Republicans yielded on policy affecting communist Cuba and Democrats gave way on new energy standards for light bulbs to seal an agreement Thursday evening on a massive $1 trillion-plus year-end spending package in time avert a possible … – WaPo, 12-15-11
  • Congress reaches tentative deal to avoid government shutdown: The $1-trillion plan would last through September 2012. Republicans and Democrats are still struggling with how to extend a payroll tax break. Senate Majority Leader Harry Reid (R-Nev.) says that with a tentative deal on a government funding bill…. – LAT, 12-15-11
  • Congress Agrees on Spending Deal Likely to Avert Government Shutdown: Republicans and Democrats in Congress found a compromise way Thursday night out of a deeply partisan standoff that threatened millions of Americans with a big New Year’s tax increase, the unemployed with loss of government benefits and the whole federal government with a shutdown…. – Fox News, 12-15-11
  • Government shutdown? Congress suddenly uniting to avert it: Government shutdown looms because of the absence of spending legislation. But GOP, Democratic leaders are sounding bipartisan notes to resolve conflict over payroll tax cuts and unemployment benefits and avert a government shutdown. … – CS Monitor, 12-15-11
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