CNNW CNN Newsroom December 20, 2011
>> hello everyone, it is 1:00 on the east coast. let's get straight to the news. your paycheck and benefits may be cut and your taxes may go up all because congress can't agree on another very important issue, that is payroll tax cuts. congress is in a political standoff right now. the senate passed a two-month extension a moment ago. house republicans rejected that in a procedural vote and are pushing a one year extension. keep in mind payroll tax cuts and extended unemployment benefits expire in less than two weeks. >> our members do not want to just punt and do a two-month short...