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Key senator says more budget cuts inevitable

from Reuters

Draconian budget cuts are inevitable unless the White House comes up with a comprehensive plan that includes tax reform and entitlements, U.S. Senate Budget Committee Chairman Kent Conrad said. Conrad said the Senate lacked the votes to sustain spending at current levels, telling senior officials from the State and Defense Departments, "There are more cuts coming. You can write it down; it's going to happen." more

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