Legislators discuss package of $60 bln to $100 bln in deficit reductions to avert larger cuts and tax increases.
By Heidi Przybyla, Bloomberg|October 16, 2012 at 03:05 AM|Originally published on Treasuryandrisk.Com
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Both parties in Congress are discussing fallback plans for $60 billion to $100 billion in deficit reduction to avert larger spending cuts and tax increases that could trigger a recession in 2013, according to several congressional aides.