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OPINION

Debt deal: Brace for spending cuts

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
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NEW YORK (CNNMoney) -- Huge spending cuts, and maybe some targeted tax hikes.

That's how the deal to raise the debt ceiling is shaping up. Details are thin, as negotiations have been carried out behind closed doors and involve only a few of Washington's heaviest hitters.

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