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Speaker of the House Nancy Pelosi speaks to reporters after leaving a caucus of House Democrats on Capitol Hill December 7, 2010 in Washington, DC.
Congressional Democrats find Obama’s deal with the GOP on tax cuts a hard pill to swallow. They want an extension of unemployment benefits, but don’t want to stomach the trade off--a tax cut for Americans earning over $250,000. And they’ve decided to do something about it. This morning, the House Democratic Caucus voted to reject the deal in its current form. Rep. Lloyd Doggett (D-Texas) told the Associated Press: “If it’s take it or leave it, we’ll leave it.” Will this tough stance by House Democrats affect the final policy? And is there still room for compromise anywhere in Washington?
Jack Shaw, Capitol Hill reporter for Market News International