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White House outlines deep cuts it may have to make

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White House press secretary Jay Carney dismissed such arguments as "convenient spin, but it's also a lot of baloney."

Administration budget officials said the list of proposed cuts was compiled by the various federal agencies that would be responsible for carrying them out — and not dictated by the White House.

In the Senate, majority-party Democrats are discussing ways to raise new revenues and curb spending to replace the cuts and aiming for a vote just before March 1. They want to cut spending as well, including direct payments to farmers that are seen as hard to defend.

"It should be a mixture," said Sen. Charles Schumer, D-N.Y.

Ideas for increasing tax revenue include a minimum tax rate for millionaires, eliminating a tax perk on corporate jets and closing a loophole that allows wealthy people to avoid paying Social Security and Medicare taxes on some of their income.

But the Democratic effort seems sure to be blocked by Republicans, who are dead set against additional tax revenue after yielding to Obama during "fiscal cliff" negotiations and agreeing to raise tax rates on the wealthiest Americans. Obama got the tax increases he wanted — with no corresponding spending cuts.

House Republicans are divided between defense hawks hoping to avert Pentagon cuts and tea-party conservatives who back the sequester.

Boehner, R-Ohio, says the sequester was all Obama's idea in the 2011 negotiations that produced it, but the House speaker hasn't committed to an effort to block the spending cuts before they strike.

Sen. Barbara Mikulski, D-Md., chairwoman of the Senate Appropriations Committee, praised the administration for releasing "compelling information" on the impact of the spending cuts.

"The impacts of sequester are devastating to the American people and the American economy. The public has a right to understand how sequester would impact middle-class families, jobs and the economy," she said in a statement.

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Associated Press writers Darlene Superville and Andrew Taylor contributed to this report.

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Follow Tom Raum on Twitter: http://www.twitter.com/tomraum

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