White House denies exploring payroll tax cut to offset worsening economy

The White House is denying that it's considering a temporary payroll tax cut to help boost the economy after The Washington Post reported that several senior administration officials have been discussing the idea.

A White House official said in a statement that "cutting payroll taxes is not something under consideration at this time."

Senate Finance Committee Chairman Chuck Grassley (R-Iowa) has not discussed a possible payroll tax cut with the administration, according to a spokesman for the senator.

"At this point, recession seems more of a political wish by...