I see that Congress has decided to do a two-month extension of
the payroll tax holiday and unemployment benefits. The cost will be
borne by Fannie Mae and Freddie Mac mortgage originators. And the key
concession from the White House is to relent on language that forces
them to make an expedited decision on the Keystone XL tar sands
pipeline. The fascinating thing about that is that the White House has
already said that if they are compelled to make a quick decision, they
will reject the pipeline. So, you have the spectacle of the Republicans
ostensibly going to the mat from the oil industry, but actually screwing
them over. The White House issued the following statement after the
deal was announced: Read more 
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