U.S. Senate Leader Wants Votes on Competing Budget-Cutting Plans

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The U.S. Senate’s top Democrat said he wants votes next week on competing budget-cutting plans from Democrats and Republicans, who remain more than $50 billion apart in their proposals to reduce federal spending.

Both measures are likely to fail, signaling to lawmakers -- including House Republican freshmenBloomberg Terminal who are demanding big cuts - - that neither plan can get through the Senate.