Detailed text transcripts for TV channel - FOXNEWS - 20110107:20:05:00

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session compromise that extended the bush tax cuts in exchange for jobless business and a cut in social security taxes. he led our efforts to pass the small business jobs bill, to help companies all across america. he also helped negotiate the tax compromise that we passed at the end of this year. he is a public servant would has devoted his life to making this economy work and making it work specifically for middle class families. >>reporter: the tax cut will add a full percentage point to the economic growth of the year but the fed chairman says it will take "considerable" time before the unemployment rate is back to normal. >>shepard: thank you from the white house. house republicans today taking their first step toward repealing the president's sweeping health care overhaul. a procedural vote along party lines for an up-or-down vote for repeal, which is symbolic.

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