Sunday, December 18, 2011

UPDATE - House Republicans are threatening to reject the payroll tax cut and unemployment insurance extension deal approved by the Senate, according to GOP sources. The House GOP convened a conference call Saturday afternoon, where rank-and-file members expressed open hostility to the bargain. Neither House Speaker John Boehner (R-Ohio) or Majority Leader Eric Cantor (R-Va.) is interested in fighting for a deal cut by Senate Leaders Harry Reid (D-Nev.) and Mitch McConnell (R-Ky.) with little of their input. GOP sources said that passage of the Senate bill was highly unlikely, and that House Republicans are more likely either to amend it and return it next week, or appoint conferees to find a compromise.

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