Politics

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

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.

For now, it looks at though leaders in Washington will push back any long lasting decisions on the deficit into next year.

After industry agreed to the terms of making more efficient light bulbs widely available, Congress has back tracked on enforcing the law.

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.

Lawmakers are on track to agree to a temporary budget deal ahead of tonight's midnight deadline.

Now that Congress has averted a government shutdown, it takes up the extension of the payroll tax cut and long-term unemployment benefits

David Mark, senior editor at Politico, explains why he thinks lawmakers will hammer out a deal on payroll tax cuts and the budget soon.

The payroll tax cuts expire at the end of the year, and the clock is ticking to make a decision to renew them or not. Why can they help or hurt the economy?

Senate Democrats want another vote this week on extending a payroll tax cut for workers. But Republicans say they can't support the Democratic proposal.