Will Christmas come early for Congress and a miraculous deal on the payroll tax cut extension be reached? According to CNN, House Republicans will hold a conference call at 5pm “amid indications of a possible deal to extend the payroll tax cut before it expires on January 1,” according to insiders familiar with the negotiations.
This new development comes hours after Senate Minority Leader Mitch McConnell proposed a short-term extension of the tax holiday in an attempt to compromise which put pressure on House GOP leaders.
Watch CNN’s breaking news on news of a possible deal below:
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