Mr. Hoyer, Maryland Democrat, says such an accommodation would help restore both consumer and business confidence.
Lawmakers currently are on vacation. They face a March 1 deadline for more than $85 billion in automatic spending cuts, known in Washington as a “sequester.” Democrats, Republicans and the Obama White House barely averted a “fiscal cliff” at the end of last year, and more fights are unavoidable in connection with legislation to increase the government’s borrowing authority.
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