Payroll Tax Cut Renewal Awaiting Approval, Vote

Congressional negotiators have reached a deal to avoid a federal shutdown this weekend.

The House could approve the one-trillion dollar spending bill Friday, and the Senate could vote soon after.

Senate majority leader, Harry Reid says he is confident they'll reach a deal on a one-year extension of the payroll tax cuts, but just in case, work is being done on a plan "B" for a shorter, two month extension.

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