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.
Last year the bipartisan "Gang of Six," led by Senators Mark Warner, a Virginia Democrat, and Saxby Chambliss, a Georgia Republican, agreed on a broad set of principles though the group never offered a full tax-and-spending proposal.
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