Senators Step Up Deficit Efforts

Group of lawmakers works to avoid year-end fiscal cliff.

A group of U.S. senators who proposed a $3.7 trillion deficit-reduction plan last year is courting a broader cast of lawmakers to try to avert a fiscal collision at the end of this year.

The lawmakers are seeking to address the expiration of tax cuts enacted under President George W. Bush and agree on spending cuts and changes in entitlement programs to avoid $1 trillion in automatic spending cuts set to begin taking effect in January.

Some Skeptical

About one-third of the Senate attended this week’s session, although some of the participants said they were skeptical the group would succeed in advancing a grand bargain.

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