In it, but not of it. TPM DC

It's A Wrap: Congress Finalizes Payroll Tax Cut Deal

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Newscom

Unemployment benefits will be paid for with adjustments to the federal retiree pensions formula and also with a spectrum auction of wireless bandwidth.

The Medicare "doc fix" will be offset with health spending cuts including a small slice of the Affordable Care Act and reimbursement cuts to some Medicare and Medicaid providers. Democratic aides say the pay-fors won't in any way affect benefits or coverage.

About The Author

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Sahil Kapur is TPM's senior congressional reporter and Supreme Court correspondent. His articles have been published in the Huffington Post, The Guardian and The New Republic. Email him at sahil@talkingpointsmemo.com and follow him on Twitter at @sahilkapur.