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Cut, Cap, and Balance Makes a Comeback With Goal of Slicing Deficit in Half
Sen. Rand Paul, R-Ky., and Rep. Mick Mulvaney, R-S.C., are joining forces to revive a plan to cut the deficit in half as the deadline for Congress to decide whether to increase the federal debt limit looms. The lawmakers’ Cut, Cap, and Balance Act would slash $207 billion from the deficit in 2016 while capping spending at…