The News in Brief

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The US

Conservative House Democrats were expected to release a budget-balancing package in which they propose to save $103 billion over five years by reducing the increase in the Consumer Price Index by 0.8 percent. Also, President Clinton urged Robert Torricelli (D) of New Jersey, the only US senator believed still undecided on the issue, to vote against the balanced-budget amendment. He voted in its favor while serving in the House.

Caution is "especially warranted" for the stock market in 1997, Federal Reserve chairman Alan Greenspan told a Senate panel in a report on the economy. He also said he could not rule out a preemptive increase in interest rates. The …