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'Gang of Six' plan hailed as debt-ceiling breakthrough. What's in it?

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“This is potentially the biggest game changer we’ve had since the debt ceiling discussions began,” says Maya MacGuineas, president of the Committee for a Responsible Federal Budget in Washington.

“Instead of political theater with people trying to figure out how to avoid the tough choices, this is a serious plan that would actually address them,” she adds.

Top Democrats, including President Obama, praised the rare bipartisan breakthrough. Three Republican senators – Tom Coburn of Oklahoma, Saxby Chambliss of Georgia, and Mike Crapo of Idaho – have apparently broken with their party’s pledge to oppose increases in tax revenue. And three Democrats – Richard Durbin of Illinois, Kent Conrad of North Dakota, and Mark Warner of Virginia – have broken with their party’s pledge to oppose entitlement cuts.

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