House Republican Group Wants to Cut Deficit in Half Next Year
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A group of U.S. House Republicans is proposing spending reductions that would cut the federal deficit in half in one year.
The Republican Study Committee, a group of self-described fiscal conservatives, is circulating a letter asking House Speaker John Boehner to back a plan that would reduce spending by about $380 billion in fiscal 2012 in exchange for a vote to approve in increase in the statutory debt limit.