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      Archive: 8/6/2012
      15:59
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      News Brief

        8/6/2012, Av 18, 5772

      First Reading of Economic Measures Passes


      By a vote of 40-27, the Knesset passed the first reading of a bill to approve budget cuts and tax hikes passed by the cabinet last week to meet the government's budget deficit target.

      The measure now goes to the Knesset Finance Committee, which will prepare the proposal for its second and third readings.