WASHINGTON -- Next spring may not be too late to enact a tax cut bill aimed at stimulating the economy, but Congress will have to craft the package carefully to avoid riling the bond market and sending interest rates soaring, the Congressional Budget Office director testified yesterday.

"The good news for Congress" is that, despite long delays and much political infighting over whether to do anything about the economy, legislation still could be passed shortly after congress reconvenes in January that would have a good chance of "adding to the recovery" without causing a lot of offsetting damage to the economy, Director Robert Reischauer told the House Budget Committee.

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