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WASHINGTON (AP) — President Barack Obama signed the payroll tax cut extension into law Wednesday, notching an election-year victory and rare bipartisan agreement in the continuing partisan battle over jobs, taxes and debt.

The $143 billion measure that Congress passed overwhelmingly on Friday continues the 2 percentage-point reduction in the tax that funds Social Security, a cut begun last year to aid the nation’s struggling economic recovery. It also extends jobless benefits for between 63 weeks and 73 weeks, and averts a big cut in the reimbursements doctors get for treating Medicare patients.

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