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July 31st, 2011
12:09 PM ET

WH budget chief says no new revenue

White House economic adviser Gene Sperling says any deal to raise the debt ceiling will not bring in new revenue. "Nobody is talking about raising any revenues over the next year and a half. [Obama] has been pushing very hard to cut taxes with the payroll tax cut extension for next year."
Filed under: Debt Ceiling • Economy • Gene Sperling • Newsmakers • State of the Union • White House
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