Handing President Barack Obama a major legislative victory, House Republican leaders have done an about-face and said they will extend a payroll tax cut for 160 million working Americans without insisting it be paid for with spending cuts. Obama has made the extension an issue since December. "This is not our first choice," said House Speaker John A. Boehner (R) in a statement with his leadership team, Majority Leader Eric Cantor (R-Va.) and Rep. Kevin McCarthy (R-Bakersfield).
