Congress has managed to jump from one political fiscal fight to another for the greater part of 2011.
First, there was the budget debate on how to fund the government for the rest of this year. Then there was the debt-ceiling debate resulting in the U.S. losing its triple-A rating credit. And then, just this week, after three months of deliberation, the bipartisan super committee failed to agree on how to make cuts to the deficit over the next 10 years.
But as the year nears a close our politicians have a few more battles to fight, including extending the payroll tax cut and unemployment benefits and how to fund the government after December 16. Yes, that's right. Start bracing yourself for another round of Russian-roulette over a potential government shutdown.
In regard to the payroll tax and unemployment benefits, "Republicans are open to extending these policies — but they plan to exact a price from Democrats," reports Politico.Read More »from D.C.’s Partisan ‘Ping-Pong’ Game Hurts Consumers, Business: Royal Caribbean CEO