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Good evening I'm Bret -- in the words of one senior Republican lawmaker who asked not to be identified quote.
Basically we won the policy and lost the politics.
Thirty minutes ago speaker John Boehner announced a compromise deal to avert a tax hike for about 160 million workers.
And to extend unemployment benefits only for two months at first.
With some strings attached we have -- -- coverage tonight Ed Henry has the president's reaction and his impact on the latest rounds of negotiations.
And we Begin however with chief congressional correspondent Mike Emanuel who has the details of this deal and the political fallout to be much.
-- evening it has something that everybody.
A little something for everybody in -- essentially the two month deal that.
Democrats and some senators want it it also.
Forces all congressional leadership to appoint conferees to hammer out a longer.
One year long deal deal it also.
Correct some of the language that was in the senate bill from last week and some of the accounting fix if you will that.
Small businesses we're going to get hammered away.
Cuts they'll fix that to make your small businesses are not hurt in this package -- speaker Boehner a short time ago.
We expect to have there -- When these members will work expeditiously.
But to complete the one year extension -- all the Smart.
-- we will -- -- house and -- To approve this.
Agreement by unanimous consents from before Christmas.
Speaker Boehner did a call at 2 o'clock this afternoon with house GOP leadership saying -- -- going to reach out to senator Reid to try to strike a deal majority -- Leader in the United States senate then he called the House Republican Conference at 5 o'clock.
Essentially speaking to them for about ten minutes laying out the deal not taking questions you -- -- call.
Last Saturday a conference call blew up with the house Republican leadership when they did not like this language of the senate deal.
The speaker has been under fire since that since that deal fell apart.
And a short time ago he talked about the difficulty in this fight.
Not always easy to do the right thing.
But so we believe.
That we came here to change the way this town does business.
Found more no more gimmicks no more short term and short term -- time to do solid policy and it's time to do it the right way.
Senate Republican leader Mitch McConnell played a key role in all this he essentially said what the house Republicans wanted which was a long term deal.
And what the senate Democrats wanted which was a two month extension were not mutually exclusive.
He says the American people can breathe a sigh of relief tonight.
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