Congressional Negotiators Reportedly Close to Rolling Back Some of Sequester

U.S. budget negotiators are near a deal to ease automatic spending cuts that congressional aides say could boost user fees rather than end corporate tax breaks.

Negotiators are "down to the last few items," said Representative Tom Cole of Oklahoma, a member of a 29-member committee aiming to reach an agreement by Dec. 13 that sets federal spending levels for this year and next. Both parties are "careful to say they don't have a deal," Cole said.

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