Originally published on Fri December 23, 2011 11:35 am
(This post was retopped with the latest news at 1:30 p.m. ET.)
Marking the end of the latest pitched political battle in Washington, President Obama said this afternoon that Congressional approval of measures to extend for another two months a payroll tax cut and benefits for the long-term unemployed is "good news just in the nick of time for the holidays."
"I said it was critical for Congress not to go home without preventing a tax increase" and the expiration of the long-term jobless benefits, Obama said, "and I'm pleased to say they've got it done."
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