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December 03, 2013


Lawmakers Close to Budget Deal

House and Senate negotiators "are pushing to finalize a small-scale deal to set spending levels and replace sequester cuts for the next two years, a potential respite in the bitter budget wars consuming Congress," Politico reports.

"The two congressional budget leaders -- Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) -- are considering a plan that would give relief to some of the domestic and defense programs most burdened by the sequester through 2015 by replacing those cuts with budgetary savings in other areas, according to sources familiar with the negotiations. New revenue through fee increases -- not tax hikes -- is likely."












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