WASHINGTON -- The House and Senate authors of the proposed balanced budget amendment to the U.S. Constitution agreed yesterday to include a requirement that three-fifths of Congress approve any increase in the public debt limit.

Sen. Paul Simon, D-Ill., accepted the debt limit provision, which previously had been included only in the House version of the amendment sponsored by Rep. Charles Stenholm, D-Tex. The agreement came as House Speaker Thomas Foley, D-Wash., repeated a warning that the provision could lead to a first-ever default on Treasury securities.

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