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Democrats Waiting On House Republicans' Budget

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Lawmakers will focus on negotiating a long-term agreement when Congress returns in two weeks.
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Lawmakers will focus on negotiating a long-term agreement when Congress returns in two weeks.

Instead of the indiscriminate budget cuts called sequestration, the Democratic budget, that Senate lawmakers passed before leaving town, seeks to reduce the deficit through raising about a trillion dollars in new revenue. Virginia Democratic Sen. Mark Warner says it's essential for the region to do away with sequestration.

"We in Virginia, in many ways, are ground zero of the affects of sequester," says Warner. "Many states have not begun to feel it. They will at some point."

Virginia Sen. Tim Kaine and other Democrats are hoping Republicans agree to make investments, not just cuts.

"This budget would be a positive thing for the American economy," says Kaine. "It would promote growth, and it would find us continuing on that path to responsible deficit reduction."

When Congress returns in two weeks, lawmakers will start negotiating on a long-term budget agreement.

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