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Senate OKs payroll tax cut and $1 trillion spending bill
The Senate approved a two month extension of payroll tax cuts and jobless benefits in a 89 10 vote and backed a $1 trillion defense and agency funding bill by 67 32 The package shifts costs to higher mortgage fees via Fannie Mae and Freddie Mac and risks a political clash with Obama over broader tax cuts and pipeline policy The White House urged House approval next week as talks resume in January involving unions environmentalists and GOP lawmakers
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Fannie Mae
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