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VOL. 126 | NO. 245 | Friday, December 16, 2011

Obama: No Reason Government Should Shut Down

AP

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WASHINGTON (AP) – President Barack Obama says there is no reason for the government to shut down over Congress' struggle on how to extend a payroll tax cut.

He said Congress "cannot and should not leave for vacation until they've made sure that a tax increase doesn't happen."

His remarks came as congressional leaders were sounding a more optimistic note Thursday that deals could be reached on a massive spending bill and on extending the payroll tax cut and unemployment insurance.

Senate Majority Leader Harry Reid and Obama have been pushing back against the idea of completing the year-end spending deal without action assured on unemployment benefits and the payroll tax cut.

Without a spending deal by Friday or a temporary stop-gap measure, much of the government would shut down this weekend.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 313 4,762
MORTGAGES 97 409 6,640
FORECLOSURE NOTICES 34 147 1,475
BUILDING PERMITS 0 705 11,294
BANKRUPTCIES 53 311 4,525
BUSINESS LICENSES 41 177 1,983
UTILITY CONNECTIONS 64 436 6,253
MARRIAGE LICENSES 19 132 1,373

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