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Corker: Congress Must Agree to Cut Spending Before Debt Ceiling Vote

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Uploaded on Jan 4, 2011

Appearing on CNBC's "Kudlow Report," Senator Bob Corker says Congress must agree to cut federal spending before a looming vote to increase the debt ceiling. Corker plans to reintroduce bipartisan legislation this year that would establish a binding cap on federal spending as a percentage of the overall economy or gross domestic product (GDP).

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