MMC
12-15-2011, 10:48 PM
WASHINGTON (AP) — Congressional negotiators reached agreement Thursday on a compromise spending bill to avert a weekend federal shutdown. They also worked toward a deal renewing the payroll tax cut and unemployment benefits for another year but prepared a shorter version as a fallback.
A deal on a $1 trillion spending bill was reached after Republicans agreed to drop language that would have blocked President Barack Obama's liberalized rules on people who visit and send money to relatives in Cuba. But a GOP provision will stay in the bill thwarting an Obama administration rule on energy efficiency standards that critics argued would make it hard for people to purchase inexpensive incandescent light bulbs.
The House is expected to approve the spending measure Friday, and the Senate could follow suit, possibly the same day.
A senior White House official said the administration supported the two-month plan.
Bargainers were considering the two-month extension of this year's payroll tax cut and unemployment benefits bill because so far, they haven't agreed how a yearlong extension would be paid for, said a Democratic aide who spoke on condition of anonymity to discuss the private talks.
The two-month bill would cost $40 billion, according to the aide. It would be paid for from a list of around $120 billion in savings that bargainers are considering, including sales of the broadcast spectrum and raising fees that Fannie Mae and Freddie Mac charge to back mortgages, the aide said.
"Right now, Congress needs to make sure that 160 million working Americans don't see their taxes go up on Jan. 1," said Obama, referring to the tax cut extension at the core of the jobs program he outlined in a nationally televised speech three months ago.....snip~
http://news.yahoo.com/bargainers-reach-deal-head-off-govt-shutdown-021130079.html
Bipartisan this and bipartisan that. We need to get this down yet he wanted to raise taxes on those Millionaires. Something he said 3 months ago that the MSM doesnt want to remind the voters of. Cost us an 40Billion for two months?
We are all suppose to believe this Wimpy Wellington type move? Just as long as they get to go home and on vacation.....huh?
A deal on a $1 trillion spending bill was reached after Republicans agreed to drop language that would have blocked President Barack Obama's liberalized rules on people who visit and send money to relatives in Cuba. But a GOP provision will stay in the bill thwarting an Obama administration rule on energy efficiency standards that critics argued would make it hard for people to purchase inexpensive incandescent light bulbs.
The House is expected to approve the spending measure Friday, and the Senate could follow suit, possibly the same day.
A senior White House official said the administration supported the two-month plan.
Bargainers were considering the two-month extension of this year's payroll tax cut and unemployment benefits bill because so far, they haven't agreed how a yearlong extension would be paid for, said a Democratic aide who spoke on condition of anonymity to discuss the private talks.
The two-month bill would cost $40 billion, according to the aide. It would be paid for from a list of around $120 billion in savings that bargainers are considering, including sales of the broadcast spectrum and raising fees that Fannie Mae and Freddie Mac charge to back mortgages, the aide said.
"Right now, Congress needs to make sure that 160 million working Americans don't see their taxes go up on Jan. 1," said Obama, referring to the tax cut extension at the core of the jobs program he outlined in a nationally televised speech three months ago.....snip~
http://news.yahoo.com/bargainers-reach-deal-head-off-govt-shutdown-021130079.html
Bipartisan this and bipartisan that. We need to get this down yet he wanted to raise taxes on those Millionaires. Something he said 3 months ago that the MSM doesnt want to remind the voters of. Cost us an 40Billion for two months?
We are all suppose to believe this Wimpy Wellington type move? Just as long as they get to go home and on vacation.....huh?