1. Deal?

    House Caves on Payroll Tax

    WASHINGTON, DC - DECEMBER 16:  U.S. Senate Minority Leader Sen. Mitch McConnell (R-KY) is surrounded by members of the press as he leaves his office for the day December 16, 2011 on Capitol Hill in Washington, DC. The Senate Democrats and Republicans have reached to a deal to extend the payroll tax cut holiday for two months.  (Photo by Alex Wong/Getty Images)

    Alex Wong / Getty Images

    It's official: House Speaker John Boehner announced Thursday that Republicans will accept the Senate deal to extend the payroll-tax cut for two months. The House will vote on the plan Friday in a "pro forma" session that will require affirmation by unanimous consent only, so House members do not have to return to Washington to vote. The new agreement also adds a measure to ease the burden on small businesses implementing the tax, Boehner said. The reversal comes after Senate Majority Leader Harry Reid agreed to appoint conferees to a committee on the payroll tax. Both Senate Minority Leader Mitch McConnell and President Obama urged House Republicans to pass the extension today. 

    Read it at CNN