Treasury's Sperling Interview on Obama Tax Agreement

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Dec. 7 (Bloomberg) -- Gene Sperling, counselor for domestic policy issues at the U.S. Treasury Department, talks with Bloomberg's Julianna Goldman about President Barack Obama's agreement with congressional Republicans to temporarily extend Bush-era tax cuts. Obama announced last night he'll accept a deal that would extend current tax rates for high-income taxpayers for two more years in exchange for extending federal unemployment insurance for the long-term jobless and cutting the payroll tax by $120 billion for one year. (Source: Bloomberg)

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