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House Republicans Unveil Plan to Extend Payroll Tax Cut

The proposal would pay for extending a payroll tax holiday and unemployment benefits in part through changes to Medicare and a pay freeze for federal workers.

 

US weighing payment priorities if default comes

If the government can't pay all its bills come Wednesday, odds are it will pay bondholders. Social Security and Medicare recipients will be high on the must-pay list, too. Likely losers: federal workers in jobs deemed non-essential, private contractors and state and local governments....

 

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