Senate Democrats Sequester Offer Contains $120 Billion In Savings Over 10 Months

WASHINGTON -- Senate Democrats will produce a bill next week to stave off the sequester-related spending cuts until the end of December, multiple Senate sources tell The Huffington Post. The bill would cut the deficit by $120 billion over 10 years to help replace the roughly 10 months' worth of sequestration. Approximately $55 billion would come from revenue hikes and a slightly larger amount than that would come from spending cuts. The rest would be made up of interest savings. The goal, said o...