As we noted earlier, in his live statement, Boehner just said that the House will reject the Senate-proposed 2 month payroll tax extension, via BBG:
- HOUSE SPEAKER BOEHNER EXPECTS HOUSE TO DISAGREE WITH SENATE
- BOEHNER: 'IT'S TIME TO STOP THE NONSENSE' ON SHORT EXTENSION
- BOEHNER: HOUSE PASSED A 'REASONABLE BILL' ON TAX-CUT EXTENSION
- BOEHNER SAYS HOUSE WILL VOTE ON SENATE PAYROLL TAX BILL TONIGHT
- BOEHNER SAYS HE EXPECTS HOUSE-SENATE CONFERENCE ON TAX CUT
It is time to cut those Q1 GDP forecast as time is running out, and the GOP obviously is hell bent on making the Obama economy as ugly as possible heading in the election year.