Payroll Tax Showdown Affects Keystone Prospects

December 14, 2011

After House passage of a Republican-backed plan that would extend the payroll tax cut and speed the approval process for the Keystone XL oil pipeline, attention turns to the Senate, where the measure seems unlikely to pass due to Democratic opposition.

CNN reports President Obama would veto the measure as it stands, escalating brinksmanship with Congress prior to the holiday recess.

Source: CNN