Christmas Miracle? Possible Bipartisan Deal On Payroll Tax Cut

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.

RELATED: President Obama Brings 40dollars Hashtag To Life In Payroll Tax Cut Remarks

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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