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Conrad to unveil 'comprehensive,' 'bold' plan next week

Sen. Kent Conrad, chairman of the Senate Budget Committee, said he will unveil next week a "bold" budget plan that will have greater debt and deficit reduction than the Bowles-Simpson commission's plan.

"It will be even larger in terms of debt reduction than the fiscal commission," the North Dakota senator said immediately following Democrats' caucus meeting. Senators were mum on whether the Senate would be in session, though when asked if they would be in next week, Sen. Dianne Feinstein (D-CA) said, "Maybe some of the week. We'll see."

Conrad's plan, which he said was finally agreed upon by Democrats, will incorporate "some elements" of the president's fiscal commission's recommendations.

Asked if that will include cuts to Medicare, he demurred and said it will be a "comprehensive package."

He said he hopes unveiling the plan "will help stimulate this discussion" on getting a deal done on the debt ceiling.

*** UPDATE *** Conrad's office says he will unveil the plan next week if the Senate is in session.