Budget Deficit: Sen. Kent Conrad Warns U.S. on the Edge if 'Gang of Six' Fails

Senate Budget Chairman Kent Conrad (D-North Dakota) warns that mounting federal deficits has put the United States "on the precipice of very serious consequences," raising the stakes for bipartisan talks aimed at getting the federal budget back in balance. In an interview for the ABC News "Subway Series with Jonathan Karl," Conrad spoke in stark terms about his personal stake as a member of the so-called Gang of Six – the bipartisan group of Senators trying to come to an agreement on a plan to...Full Story
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