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White House Warns of Job Losses Under Sequester

Agriculture Chairwoman Debbie Stabenow of Michigan, a senior tax writer, told CQ Roll Call that the measure might cost $112 billion to $120 billion. The measure might replace the sequester through the rest of fiscal 2013 or to the end of the calendar year. Democrats will need to decide how to split the short-term sequester package between spending cuts and tax revenue. Republicans, who adamantly oppose any use of tax revenue to replace the sequester, are not part of the broader discussions with the Democratic senators.

Kerry Young contributed to this report.

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