Congress Races To Finish Business After Passing Tax-cut Deal

This afternoon President Obama will sign into law a compromise tax-cut bill that, according to House Majority Leader Steny Hoyer, nobody likes. The measure has angered liberal Democrats because it extends Bush-era tax cuts to even the wealthiest Americans. It has also irked Republicans because it includes measures like extended unemployment benefits for the long-term unemployed, that add to the deficit.

Congress now turns its attention to debating a nuclear arms treaty with Russia, ending the military's ban on openly gay servicemembers, and providing citizenship to young immigrants who join the military or attend college. We wrap up the news in Washington with Philip Rucker, political reporter for the Washington Post.