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US Congress negotiators announce agreement on payroll tax cut, jobless benefits measure
WASHINGTON (AP) ' A top lawmaker says the House of Representatives and Senate have sealed a final agreement on legislation to renew a 2 percentage-point cut in the payroll tax and jobless benefits for millions of unemployed workers, a top priority of President Barack Obama.
Democratic Sen. Max Baucus announced the agreement late Wednesday, capping a long day of wrangling over the final details of the measure.
The announcement paves the way for votes in both House and Senate this week.