House and Senate pass 2-month Social Security Revenue Cut

Using a procedure known as unanimous consent, the U.S. Senate and House of Representatives passed the 2-month payroll tax holiday that President Obama and Senate Majority Leader Harry Reid have been demanding.

The procedure makes it possible to pass legislation without a quorum present in the chamber. The legislation passes as long as not one single member raises an objection to the legislation. This allows passage without having members fly back to Washington D.C.

The bill is now set to be signed by the President so that he can meet his family who is already vacationing in Hawaii.