Here’s a roundup of this morning’s must-read budget and economic stories:
Politico says 2012 will be a “do nothing year” for Congress.
Members of Congress are putting the “finishing touches” on a deal to extend the 2011 payroll tax cut and extend unemployment benefits. Votes are expected Friday. Fox News, The Hill, Los Angeles Times, Politico, Reuters, The Wall Street Journal and The Washington Post have the details.
Roll Call says some lawmakers are trying to the stop cuts to federal worker pensions that is currently in the payroll tax extension package.
On the opinion pages: Debra Saunders says the President is not doing enough to rein in the federal budget deficit; The Wall Street Journalexplores the cost of extending unemployment benefits; and Michael Peterson argues lawmakers should use a longer time horizon than 10 years when presenting the nation’s budget outlook.