way. in the end house speaker john boehner, he caved in and he gave in to political pressure but still he defends the stand that he took. we have fought the fight, the good fight, but i talked to enough members over the last 24 hours who believe that, hey, listen, we don t like this two-month extension. we don t like this reporting problem in the senate bill and if you can get this fixed, why not do the right thing for the american people even though it s not exactly what we want. it seems that everything we ve done this last year has been a knockdown dragout fight. there is no reason to do that. if there were a message received from this last thing we ve been through, i would hope especially i repeat the new members of the house will understand that legislation is the art of compromise. now the tax cut deal is a win for the president. he pushed back pretty hard against house republicans who opposed the short-term extension. white house did issue a statement saying, i q
he s going to have some time to relax with his family. this is a good time for him to reflect in hawaii. it is not just where he grew up. let s not forget he was born, t.j., in hawaii. even though there was a controversy, a at least maybe some people still believe he wasn t born in hawaii. but he was born in hawaii. he s got a lot of old friends there. he deserves some time off. he s got a lot going on. but even as he s on vacation, every president is never completely on vacation. he ll have national security advisors with him. right now there s a crisis. there are plenty of international crises under way. north korea arguably one of the most dangerous spots on earth rye now with the death of the so-called dear leader, kim jong-il, the succession of his young untested son in his late 20s, kim jung un. tension on the korean peninsula very, very real right now. tension in iraq. we saw a wave of terrorist activities going on yesterday. tension in syria. pakistan. afghanistan. we
who believe that, hey, listen, we don t like this two-month extension. we don t like this reporting problem in the senate bill, and if you can get this fixed, why not do the right thing for the american people, even though it s not exactly what we want. if someone objects tomorrow and it s not going to pass by unanimous consent, will you bring the house back for a vote next week? absolutely. mr. speaker? last one. mr. speaker, just given the whole last weak and we ve seen photo op after photo op and news conference after news conference on both sides. democrats are really charging that the radical tea party element of the house republican conference are to blame for this. do you think that this whole fight was worth it in the political costs that have come up? and do you think that you guys ended up getting a good compromise? listen, doing the right thing for the right reasons is always the right thing to do. and while everyone asks for a full year extension of these
bill, if you can get this fixed, why not why not do the right thing for the american people even though it s not exactly what we want. full details of the deal, the compromise and reaction. president obama said, for the past several weeks i ve stated consistently it was critical congress not go home without preventing a tax increase on 160 mill americans. an agreement meet that s test. more reaction coming as well. latest on the details and the political fallout. dana bash is with us and jessica yellin. let s go to the hill first. house republicans are saying we have a tweak in the language here to help small businesses, but this is cave with a capital c, no. reporter: tweak with a little t, barely you can see the tweak. house republicans gave in here. you could see it in the house speaker s demeanor. you could hear it in his voice. he all be gave a concession speech. both on the politics and on the policy of this. policy meeting as he said we fought the good fight.
is the candidate still making money from layoffs? we re checking the facts. i m wolf blitzer. i m wolf blitzer. you re in the situation room . captions by vitac www.vitac.com let s get right to the breaking news. a possible deal in the stalemate over extending the payroll tax cut for at least another two months, but potentially for the entire year. the year of 2012. we have all of our reporters standing by. let s go to our chief congressional correspondent, dana bash, he s up on capitol hill hill. for viewers just tuniing in, wht was just happened? what we expect is that the house republicans that they will not go for a short-term two-month extension of this payroll tax so that americans taxes will not go up on january 1st, we believe they are going to give in, back down on that and they will in fact go for it. this deal is being worked out, the final details of it as we speak. but our understanding, jessica yellin, kate bolduan and myself, basically what we re hearin