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Lawmakers Look at 2-Month Fix

Deal would extend expiring payroll tax cut and unemployment benefits.

By Brian Faler, Bloomberg | Updated on December 16, 2011

The U.S. Senate’s top Democrat said his colleagues are considering a two-month extension of an expiring payroll tax cut and extended unemployment benefits if they are unable to strike a deal on a longer-term plan with Republicans.

“We’ll only do that if what we’re working on doesn’t work out,” Senate Majority Leader Harry Reid, a Nevada Democrat, told reporters yesterday. “I always have a Plan B.”

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