Budget deal looks promising, leadership says

11/18/2012 | National Journal · Wall Street Journal, The

Congressional leaders and President Barack Obama are promising to act quickly to avert a "fiscal cliff" and reach a budget compromise. An agreement for a two-phase plan is likely to trim some entitlement programs and increase some taxes. "This isn't something we're going to wait until the last day of December to get it done," says Senate Majority Leader Harry Reid, D-Nev.

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National Journal · Wall Street Journal, The

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