The Senate is now in session and they are about to start voting on Obama's plan to extend the Bush tax cuts for all income levels in exchange for extending unemployment benefits for 13 months, and some other stuff. It's expected to pass easily and will be sent to the House for follow-up action, probably on Wednesday. House Democrats have pretty much given up on the idea of walking away from the deal, which they almost unanimously disapprove of, and letting the tax cuts expire. Instead they will hold votes on amendments and see if a majority can agree on any changes. If not, they'll pass it as is.
National Journal explains how the House will choose amendments to vote on:Read Full Article