Source: Rosalind Helderman / The Washington Post
Top House Republicans have tentatively bowed to crushing political pressure and agreed to extend the payroll tax cut for two months, as the Senate and President Obama have urged in exchange for Senate leaders agreeing to appoint a conference committee to negotiate a full year tax cut after Jan. 1, according to Democratic and Republican Senate sources.
They will brief rank and file members in a conference call this evening, after House Speaker John A. Boehner (R-Ohio) was empowered by members to make a deal, a House Republican source said.
Under the deal, the House would accept an agreement they have spent days deriding as an irresponsible half-measure. But they would be able to promise quick negotiations over how to extend the tax cut, as Democrats and President Obama have been calling for.
If their rank and file agree, the whole process could conclude quickly. Under one scenario suggested by Congressional aides, the House would accept the deal in a voice voice, requiring only a handful of members to return to Washington.
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