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U.S. Lawmakers Say Budget Deal Would Boost Flagging Economy

Congress could help improve the U.S. economic recovery by reaching a debt-reduction deal as they face an Aug. 2 deadline that risks sending the government into default, lawmakers said on Sunday morning talk shows.

“I think that would help calm the markets and help us get to recovery,” Republican Representative Paul Ryan of Wisconsin, chairman of the House Budget Committee, said yesterday on CBS’s “Face the Nation” program, referring to a budget deal that would control future U.S. deficits.