U.S. Senate Nears Vote on Two-Month Payroll-Tax Cut Extension
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The U.S. Senate will vote today on two-month extensions of a payroll tax cut, expanded unemployment benefits and a provision preventing doctors from having their Medicare reimbursements cut.
The bipartisan agreement reached after a day of negotiations yesterday is a scaled-back version of a $202.4 billion yearlong extension of the expiring laws passed by the House of Representatives on Dec. 13. The vote, which will end a congressional stalemate, is set for 9 a.m. in Washington. It will be followed by votes on spending bills to keep the government open through Sept. 30, 2012.