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Report: Levin, McCain Talking Sequestration Compromise

Senate Armed Services Committee Chairman Carl Levin (D-Mich.) is discussing a possible bipartisan method to avert budget cuts under sequestration with John McCain (R-Ariz.) and others, Levin told reporters Tuesday.

The Hill newspaper reports Levin repeatedly told the group of reporters the sequester will not happen, adding that 90 percent of lawmakers do not want it to happen.

Some proposals include delaying the cuts for several months or do away with the first year of cuts if a deal is not reached, Jeremy Herb writes.

Sequestration is set to take effect Jan. 2 with $109 billion in across-the-board cuts.

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