House Republicans have reversed course and agreed to pass the payroll tax cut extension for two more months, reports National Journal, citing "Republican and Democratic sources." It comes after first Senate Minority Leader Mitch McConnell and then President Obama reiterated that the House ought to pass the temporary compromise before starting to negotiate on a full-year extension of the 2 percent cut. House Speaker John Boehner originally rejected McConnell's request, saying he'd prefer to work out a deal on the full-year extension now.
Now watch these children act all magnanimous about it in 3... 2... 1....
Happy Festivus everybody. This is great news for all that were counting on unemployment checks to pay the bills and keep a roof over their heads - it will help make the season a little less stressful.
So, cheers to them, and may Santa check his naughty and nice list and act appropriately on the others. Going to be a big run on lumps of coal...