Dec 21, 2011 No deal in Congress would mean that the payroll tax would rise by 2 percent, and unemployment benefits would be drastically cut.
Dec 19, 2011 Last week, the Senate agreed on a two month temporary extension of the payroll tax cuts, but the House of Representatives is yet to get on board. We speak to Congressman John Carter of Texas as to whether it will happen.
Dec 19, 2011 Debate over whether payroll tax cuts are good for the economy, both in the short and long-term, continues to cause friction in Washington as a deadline fast approaches
Dec 19, 2011 If lawmakers in Washington don't agree on a deal soon, Americans could soon feel a 2 percent tax hike come the first of the year
Dec 16, 2011 Congress reaches a deal to avoid a government shutdown -- and it hinges around light bulbs. Retired Americans are no longer shipping off to Florida when they are done working. On the front lines of the European debt crisis, Italy passes austerity measures proposed by new Prime Minister Mario Monti.
Dec 16, 2011 A deal to avoid government shutdown was reached in Washington yesterday, but one of the provisions of the deal means that new laws surrounding light bulbs won't be enforced for the time being.
Dec 16, 2011 Lawmakers are on track to agree to a temporary budget deal ahead of tonight's midnight deadline.
Dec 16, 2011 Long-term budget issues in Washington are yet to be resolved, but it is likely that leaders will settle on a temporary two month extension of the payroll tax cuts.
Dec 16, 2011 Now that Congress has averted a government shutdown, it takes up the extension of the payroll tax cut and long-term unemployment benefits