Sen. Levin: Void 2014 Sequester Cuts if 'Grand Bargain' Fails

An influential Senate Democrat on Wednesday said Congress should pass a plan that would void pending cuts to the Pentagon’s 2014 budget if Washington fails this year to craft a “grand bargain” fiscal deal. The 2011 Budget Control Act mandated that Congress and President Barack Obama would need to agree on a $1.2 trillion package of deficit-cutting measures or twin $500 billion defense and domestic cuts would be triggered.

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