Senate Republicans are building a bill to spare the Pentagon huge budget cuts, pledging to reach an agreement with Democrats on deficit reduction that they failed to achieve in November. Congress agreed in August to appoint a committee to find $1.2 trillion in deficit reduction. If lawmakers failed, they agreed to hand down that amount in automatic budget reductions, including an across-the-board cut to defense spending starting in January 2013. That committee did fail, setting in motion ...


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