Speaker Boehner Succumbs On Tax Deal

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WASHINGTON (Reuters) – House of Representatives Speaker John Boehner on Thursday bowed to pressure from both within and outside his party and agreed to a short-term deal to extend a payroll tax cut for 160 million Americans.

In what could be an end to a toxic stalemate, Boehner informed Senate Majority Leader Harry Reid that he will set a vote in the House on a Senate-passed two-month extension of the payroll tax cut, a Democratic leadership aide said.

Now comes the hard part – getting his often rebellious caucus to follow his lead. He is expected to brief members of his caucus later on Thursday, according to one lawmaker’s office.

Read more: http://www.mcall.com/news/local/sns-rt-us-usa-taxestre7b827k-20111209,0,557603.story