Robert Greenstein, Center on Budget and Policy Priorities: The possibility that legislative inaction could lead the nation's economy back into a recession next year, could be the impetus to get both sides to agree to some sort of deal. On July 16, 2012, the Budgeting for National Priorities project at Brookings hosted Senator Patty Murray (D-Wash.), member of the Senate Budget Committee, former chair of the bipartisan Joint Select Committee on Deficit Reduction and a member of Senate Democratic leadership, for a conversation on the upcoming fiscal cliff, how she views the path to a balanced and bipartisan approach to avoiding it, and what steps she believes can be taken on the expiring Bush tax cuts and the scheduled sequestration. Following Senator Murray's keynote address, a panel of Brookings experts reflected on the current budget situation and prospects for a "grand bargain" to rein in the deficit and spur economic growth. More on this event at: http://goo.gl/DbQpJ
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