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Republicans say deal can be done on US 'fiscal cliff'

By REUTERS

NOVEMBER 11, 2012 20:02

WASHINGTON - A senior Republican senator voiced confidence on Sunday that US lawmakers would forge a deal on the year-end "fiscal cliff," while a top aide to President Barack Obama signaled a willingness to compromise over raising tax rates on the rich.

Republican Senator Bob Corker said increasing tax revenues from wealthier Americans would have to be part of the plan, but he stressed closing loopholes rather than raising top tax rates as many Democrats favor, provided spending was also tackled.

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