Reuters: Politics: Senator says believes U.S. will avoid "fiscal cliff" spending cuts

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Senator says believes U.S. will avoid "fiscal cliff" spending cuts Oct 23rd 2012, 20:35 NEW YORK | Tue Oct 23, 2012 4:35pm EDT NEW YORK (Reuters) - A Democratic senator pushing to find a solution to automatic, across-the-board government spending cuts at the beginning of next year said on Tuesday he believes the so-called "sequestration" will ultimately be avoided. "I do believe that we will avoid sequestration," said Mark Warner, a senator from Virginia. He, along with Republican Senator Saxby Chambliss, are leading the "Gang of Eight" talks aimed at avoiding the spending cuts embedded in the so-called fiscal cliff at year end. The pair were speaking at a financial markets conference.

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