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NEGOTIATIONS

Senate At Standstill Over Payroll Tax

Threat of government shutdown looms.

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J. Scott Applewhite / AP Photo

Senate negotiations over how to fund the payroll tax cut extension have stalled and the ability to agree on a plan may cause a government shutdown. Earlier Wednesday, Senate Democrats dropped their demand that millionaires pay for the continuation of the payroll-tax cut through a surtax. President Obama met with Senate Majority Leader Harry Reid and other top Senate Democrats today to discuss the hotly debated proposed tax. The decision was a huge concession to Republicans in the payroll-tax-extension negotiations, which have gotten so dire they threaten to cause a year-end government shutdown.

Read it at Washington Post

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