Congress has passed an extension of the payroll tax cut and long-term jobless benefits, handing to President Obama one of his election-year priorities despite widespread concerns about the bill’s deficit implications.
The Senate approved the bill Friday afternoon on a 60-36 vote. The $143 billion package, which also would forestall deep cuts in Medicare reimbursements to doctors, would extend the 2-percentage-point payroll tax cut for the rest of 2012.(Read More)
Read what Senator Harkin (D-Iowa) said about the demise Social Security