Rep. Paul Ryan, R-Wis., when he was campaigning as the 2012 Republican vice presidential nominee. Michael Sears /MCT /Landov hide caption

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As workers prepare the Capitol for Monday's inaugural ceremony, there's word that Congress might not get into another battle over the debt ceiling. Kevin Dietsch /UPI /Landov hide caption

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"It would be inexcusable for Congress not to further extend this middle-class tax cut for the rest of the year," Obama said after the Senate passed a two-month extension on the payroll tax cut and unemployment benefits. Jacquelyn Martin/AP hide caption

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The Two-Way

Senate OKs Two More Months For Payroll Tax Cut

In a rare Saturday year-end session, the Senate's action averted a shutdown but was not the last word on the payroll tax cut extension.

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The House voted Monday to extend the federal debt limit and enact spending cuts. Here, House Minority Leader Nancy Pelosi arrives for a meeting with House Democrats and Vice President Joe Biden at the Capitol. Chip Somodevilla/Getty Images hide caption

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President Obama spoke about the ongoing debt negotiations earlier this week in the Brady Press Briefing Room in Washington, D.C. Win McNamee/Getty Images hide caption

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