Obama: 'Clock is ticking' on payroll tax extension

President Obama urged House Republicans on Tuesday to "put politics aside" and support the two-month payroll tax extension, calling it the only "viable way" to prevent a tax hike.

He called on House Republican leadership to bring up the Senate bill for a vote.

Obama, who blamed a faction of the House GOP for holding up legislation for a one-year extension, said, "The clock is ticking. Time is running out."

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