House Speaker John Boehner said he's confident that Republicans and Democrats in Congress will agree to a payroll tax-cut extension supported by President Barack Obama.
"We are in a formal conference with the Senate, and I'm confident that we'll be able to resolve this fairly quickly," Boehner, an Ohio Republican, said on ABC's "This Week" program yesterday.
A short-term extension of the payroll tax cut expires Feb. 29, and the president is seeking to have it extended until the end of 2012. Unless Congress acts, the 2 percentage point payroll tax-break for employees will lapse, as will emergency unemployment benefits.
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