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Bush and GOP strike budget deal on tax cuts and spending
President Bush and GOP leaders announce a bipartisan budget pact limiting tax cuts to 1.25 trillion from 2002 to 2011 plus 100 billion in 2001 and 2002, with 5 percent spending growth next year and support from moderate Democrats. The agreement reflects concessions from both parties and signals a major tax and spending compromise in a divided Congress.
MENTIONED IN THIS ARTICLE
Washington
White House
Congressional
Republican
Bush
GOP
House
Senate
Congress
James Jeffords
Vermont
Lincoln Chafee
Rhode Island
John Breaux
Dla
Zell Miller
D-Ga
Gary Condit
D-Calif
Senate Budget Committee
Pete Domenici
R-N.m
Associated Press