Lawmakers Look at 2-Month Fix

Deal would extend expiring payroll tax cut and unemployment benefits amid dispute on financing the measure.

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.”

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.