Originally published on Tue December 20, 2011 2:23 pm
Update at 12:56 p.m. ET. House Rejects Bill:
Voting mostly along party lines, the U.S. House of Representatives voted to send a Senate bill extending unemployment benefits and a payroll tax cut to conference. With the Senate in recess, the move leaves the bill in limbo and could mean that come January, 2 million Americans will lose their long-term unemployment benefits and 160 million workers could see their taxes rise by 2-percentage points.
Before the vote, Democrats and Republicans went head to head on the House floor.
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