Payroll Tax Cut Compromise Reached

House Republican leaders accept a short-term extension of the payroll tax cut.
0:27 | 12/22/11

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Transcript for Payroll Tax Cut Compromise Reached
The fight over the payroll tax cut is over at least for the next two months. Congressional aides say house Republicans have agreeing to -- short term extension. Earlier this afternoon President Obama held a press conference urging the house to pass the -- already approved by the senate Intel now Republicans led by house speaker John Boehner. We're calling for their own plant which included a yearlong extension of the tax cut.

This transcript has been automatically generated and may not be 100% accurate.

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