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Conrad Joins Call for Budget Cuts With Debt Increase

The Democratic head of the Senate Budget Committee said he won’t vote for a long-term increase in the federal debt limit unless the Obama administration and congressional leaders of both parties agree to trillions of dollars in budget cuts.

Senator Kent Conrad of North Dakota said today he will withhold his support for raising the debt limit unless the spending cuts approach the $4 trillion proposed last month by the chairmen of President Barack Obama’s debt commission.