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Bargainers reach deal to head off gov't shutdown

Harry Reid

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 in case talks fell short.

 

Lawmakers in showdown over payroll tax cuts

Republican and Democratic lawmakers are locked in an end-of-year fight that threatens a government shutdown, an effective tax hike for 160 million Americans and the loss of benefits for millions of unemployed.

 

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