WASHINGTON -- Senate Democrats intend to approve a budget for the first time in almost four years, a prominent lawmaker said Sunday, but he said it will call for higher tax revenues that Republicans are sure to oppose.
Sen. Chuck Schumer, D-N.Y., also said an announcement by House Republicans that they plan to approve a short-term increase in the nation's borrowing limit without demanding spending cuts was "positive step." He added, though, the extension should be longer than the three months they have outlined.
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