Mr. Levin, though, said that Mr. Obama was right to say that he won’t negotiate on the debt ceiling and said that Republicans have to accept that any deal to replace the $110 billion in automatic spending cuts that were included in the 2011 debt deal must have “a mixture of spending cuts and further revenue.”
“Let me be emphatic. There is no way to meet the requirements of sequestration without balance. There has to be more revenues and there also has to be budget cuts,” Mr. Levin said.
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