original level effectively they go up. the president getting ready to address this controversy next hour but a short while ago we had the house speaker john boehner weighing in explaining why a one-year payroll tax bill is a necessity. i told the president there is one big reason why we need to do a full year and that s jobs. one-year bill, like the president requested and like the house produced is simply better for jobs and better for the economy. jenna: chief congressional correspondent mike emanuel has a front row seat live on capitol hill. whether or not he is happy with the front row seat is another story completely. mike, interesting times down there where are we? what is the latest as far as seeing any sort of agreement reached over this payroll tax holiday? reporter: jenna, i think the biggest development in the standoff in probably ever happened just moments ago. a paper statement from senate republican leader mitch mcconnell who has been pretty quiet since the
they go up. the president getting ready to address this controversy next hour but a short while ago we had the house speaker john boehner weighing in explaining why a one-year payroll tax bill is a necessity. i told the president there is one big reason why we need to do a full year and that s jobs. one-year bill, like the president requested and like the house produced is simply better for jobs and better for the economy. jenna: chief congressional correspondent mike emanuel has a front row seat live on capitol hill. whether or not he is happy with the front row seat is another story completely. mike, interesting times down there where are we? what is the latest as far as seeing any sort of agreement reached over this payroll tax holiday? reporter: jenna, i think the biggest development in the standoff in probably ever happened just moments ago. a paper statement from senate republican leader mitch mcconnell who has been pretty quiet since the senate left town last satur