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>> pelley: good evening. no holiday tax increase. after a week-long standoff, the senate, house, and president came together on a two-month extension of the temporary cut in social security payroll sexes. a year ago, that tax rate was lowered from 6.2% to 4.2%. and for a lot of families, that comes to about $80 a month. house republicans wanted a longer extension and they threatened to let the tax cut expire if they didnt get their way. but today they backed down and the president was ...

two months. it saves a thousand dollars a year for a worker earning a $50 salary. the deal was sealed today in a remarkable session of the house and senate which had basically closed up shop. >> the house stands adjourned until 1:00 p.m. tuesday, december 27. >> reporter: leaders were able to expedite the tax cut extension as long as not one single member objected. nobody did. >> happy new year as well. >> reporter: the democrats leader in the senate, harry reid took the chance to lect...

this is the "cbs evening news" with scott pelley. >> pelley: good evening. no holiday tax increase. after a week-long standoff, the senate, house, and president came together on a two-month extension of the temporary cut in social security payroll taxes. a year ago, that tax rate was lowered from 6.2% to 4.2%. and for a lot of families, that comes to about $80 a month. house republicans wanted a longer extension and they threatened to let the tax cut expire if they didnt get their way....