House Republican leaders said Monday that they will support extending the federal payroll tax holiday through the end of the year without demanding spending cuts to pay for it, a concession aimed at averting another po­litically damaging showdown in Washington. [Washington Post]

Wow, this is fantastic news, as well as a sign that Republican obstructionism is finally starting to hurt them.

I’m actually starting to get cautiously optimistic here. Is it possible that we’ll finally see the economic recovery gain momentum?