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Senate Dems might renege on budget over sequestration

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Sen. Jack Reed, D-R.I., indicated that Senate Democrats would renege on their promise to pass the first budget in four years if Republicans did not agree to raise taxes in order to avert the automatic spending cuts mandated by sequestration. “Senator Murray is working on a budget right now and we hope we can get that done,” Reed said on CNN, referring to Senate Budget Committee chairman...