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Crapo, Simpson eye possible budget deal

By The Associated Press
Published On: Nov 10 2012 01:42:01 PM MST
Updated On: Nov 10 2012 02:03:58 PM MST
Credit - Debt

2. Don't Have Too Much Debt

BOISE, Idaho -

U.S. Sen. Mike Crapo and U.S. Rep. Mike Simpson could play key roles in crafting legislation concerning the nation's deficit and debt as the so-called fiscal cliff approaches.

Reports indicate that the two Republican lawmakers from Idaho say they want to see a deal reached.
    
Crapo is a member of the bipartisan "Gang of Six" that pushed for a bargain last year. He's also moving up to the No. 2 Republican on the Finance Committee involved in writing tax provisions.
    
Simpson is an Appropriations subcommittee chairman and would be working on budget cuts.
    
The fiscal cliff is an economy-rattling combination of expiring Bush- and Obama-era tax cuts and major across-the-board spending cuts to the Pentagon and domestic programs set to kick in Jan. 1.