White house scrambling to prop up economy - eyeing payroll tax cut

Washington Post report on discussions at the White House on a payroll tax cut

• a temporary payroll tax cut
• "as a way to arrest an economic slowdown, three people familiar with the discussions said"

More:

• talks are still in their early stages
• and the officials have not decided whether to formally push Congress to approve the cut

WAPO link

---

ps. You like my headline?

That should get a few angry responses! LOL

Just today we had a Fed official saying the economy is doing OK

• Fed's Rosengren: We have to be careful not to ease too much when we don't have significant problems

This is not 2008.