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News Wrap: After Weeks of Partisan Standoff, Tax Cut Extension Signed Into Law

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Uploaded by on Dec 23, 2011

In other news Friday, Congress passed a two-month payroll tax cut extension. The bill won unanimous consent, first in the Senate and then in the House -- with only a handful of lawmakers present. Also, ahead of the Iowa Caucuses, Vice President Joe Biden and Republican president candidate Mitt Romney traded jabs on the economy.

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