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Van Hollen: Trigger mechanism a way to get compromise

Congressman Chris Van Hollen, ranking member of the House Budget Committee, hinted at the possibility of a deal between House and Senate leaders to raise the debt ceiling before the Aug. 2 deadline.
 
"If you can create a mechanism so that if you don't get the deficit savings through the normal process, you have these triggers that guarantee that deficit savings in a balanced way through both spending cuts, but also revenue, then you can get there," Van Hollen said on MSNBC's "Andrea Mitchell Reports."
 
The Maryland Democrat said this would be possible because it would guarantee deficit reduction, so that congress could "extend the debt ceiling for whatever period of time" it wants.
 
"We have always said we should have triggers in order to provide that guarantee that you get the deficit reduction. What's always happened is that our Republican colleagues have refused to have balance," he said.