to wait even longer for their tax refunds they may have been looking forward to. the problem here, the people who itemize on their federal tax returns going to have to wait until at least mid-february to file. that will, of course, cause a delay if you need your refund. the tax compromise bill the president signed last week, because of that, the irs says it now needs time to reprogram its systems to accommodate late changes in the tax law. meanwhile, stockholders look like they got what they wanted for christmas. the market ended on a high note for the holiday break, but new year means good-bye to the old way of receiving social security. cnn business correspondent alison cossack, steve any elam, and poppy harlow have much more. we start in new york with alison. hi, t.j. the stock market was closed for the christmas weekend but did reach the highest levels in two years. investors were encouraged by a report showing the economy grew by a 2.6% pace in the third
christmas day. millions of americans are going to have to wait longer for their tax refunds. the people who itemize their federal tax returns have to wait until mid february to even file. that is why there will be a delay in refunds. remember the tax compromise bill that was celebrated that the president signed? because of that, irs says they need more time to reprogram their systems to accommodate the late changes in tax law. well, it is the holidays. a lot of our fighting young men and women are coming home. coming up, you will see a lot of scenes like this. a reunion you have to see. we love this one. 27 minutes past the hour. to the morning bowl of cereal. and to lactaid® milk. easy to digest and with all the calcium and vitamin d of regular milk. [ female announcer ] lactaid®. the original lactose-free milk.
greta: should the gop be on alert? are they on probation with the tea party? nice to see you. good to sigh. a lot of activity good to see you. a lot of activity here. we should be home instead we are causing mischief in washington, d.c.. greta: i d like to give all of you hell i suppose i should be speaking to the democrats who control the agenda. you knew october 1st, was going to roll around. not like we feel sorry for you still working. people shouldn t feel sorry for us. our job is to pass a budget, spending bill and tax bill. the tax compromise bill was just recently passed. now we are looking at the spending bill. i think later tonight we will pass that one. greta: next year republicans will control the agenda will you have things done on time?
greta: should the gop be on alert? are they on probation with the tea party? nice to see you. good to sigh. a lot of activity good to see you. a lot of activity here. we should be home instead we are causing mischief in washington, d.c.. greta: i d like to give all of you hell i suppose i should be speaking to the democrats who control the agenda. you knew october 1st, was going to roll around. not like we feel sorry for you still working. people shouldn t feel sorry for us. our job is to pass a budget, spending bill and tax bill. the tax compromise bill was just recently passed. now we are looking at the spending bill. i think later tonight we will pass that one. greta: next year republicans will control the agenda will you have things done on time?
system. and 407. that s how many bald eagles were counted in a pennsylvania preserve, nearly double the number from two years ago. back in 1963, there were only about 800 bald eagles in the entire u.s. of a. getten, back to you and the panel. extending unemployment benefits for 13 more months was a big part of president obama s tax compromise but two new fox polls show most americans think this hurts the economy and discourages people from finding a jobs. only 35% of the polls say it helps the economy. 52% say unemployment benefits do discourage people from finding the job. is this another example of democrats being out of touch with the american people? you remember they are the ones who really pushed for that in the tax compromise bill. back for reaction to these polls, our political panel, john mclaughlin, ann marie. you think these unemployment benefits are a good thing for stimulating the economy?