First Senate vote expected on Obama-GOP tax deal
Senators get their first chance Monday to voteon the tax-cut deal struck by President Barack Obama andRepublicans.
Whatever the outcome of the test vote, the White House expectsthe bill to pass by year's end. Obama adviser David Axelrod says"everybody understands what it would mean for the economy" if itdoesn't get done.
The No. 2 Senate Democrat, Dick Durbin of Illinois, says a"good cross-section" of senators in his party are ready to acceptthe deal.
It would avert a Jan. 1 increase in income taxes for nearly allAmericans. The package also would renew jobless benefits for thelong-term unemployed and provide a one-year cut in Social Securitytaxes.