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Simpson and Bowles offer modified budget plan

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WASHINGTON (AP) — The chairmen of President Barack Obama's 2010 fiscal commission are wading back into Washington's budget wars with a revised, somewhat milder plan to rein in intractable federal deficits. The plan released Thursday by and former Sen. Alan Simpson, R-Wyo., and former Clinton White House chief of staff Erskine Bowles would lop more than $5 trillion from deficits over the...

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