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>> SPENDING CUTS Latest News

JAN 19, 2013 - NPR

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House GOP Backs Off Debt Ceiling Demands

House Republicans held their annual retreat this week in Williamsburg, Va., to figure out their next steps. They dropped a demand to have spending cuts for ever dollar the debt ceiling is raised, at least for the next three months. GOP lawmakers are now pinning their hopes for deficit reduction on other looming budget battles.

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