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VIDEO:News

The Payroll Tax Standoff

Description:As Americans - including U.S. President Barack Obama - rush to the stores in Christmas crunch time, a standoff over extending a tax break worsens in Washington. Before shopping, Obama placed a phone call to Republican House Speaker John Boehner. His message: extend the expiring payroll tax cut for 160 million Americans by passing a short-term extension and return for talks on a year-long deal in the New Year. (1:33)

Source: Reuters

Tags: Barack Obama , house gop , House GOP Payroll Tax , john boehner

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