Klobuchar optimistic a deficit compromise will emerge this week

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U.S. Sen. Amy Klobuchar is optimistic a deficit-reduction compromise will be reached on Capitol Hill this week.

Klobuchar told CBS' Face the Nation that while people have been talking about reducing the deficit for years, there's now an urgency in the Senate that she's never seen before.

She says there's common ground and if Republicans will agree to increase tax revenue, she and her fellow Democrats will agree to spending cuts.

Klobuchar appeared on the show after Wisconsin Rep. Paul Ryan spoke about the budget plan Republicans are writing in the House. Klobuchar says the country cannot afford the $4.5 trillion tax cut Ryan favors, but expects a compromise will emerge.

The Hill reports Klobuchar's optimism was matched by Tennessee Republican Sen. Bob Corker, who appeared on Fox News Sunday. But House Majority Leader John Boehner was not quite as sanguine on ABC's This Week.

Here's Klobuchar's segment on Face the Nation:

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