Updated Tuesday, July 22, 2014 as of 1:28 PM ET

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McConnell Says Lawmakers ’Very, Very Close’ to Budget Deal

Margaret Talev, Kathleen Hunter and Heidi Przybyla

Senate Minority Leader Mitch McConnell said lawmakers in Congress are “very, very close” to a deal to avert $600 billion in tax increases and spending cuts set to start at midnight.

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