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CBO warns that tax hikes, government spending cuts could squelch U.S. growth.
Potential for revolution grows unless reforms are made, says economist Gupta.
Schapiro tells Senate committee that SEC is looking at the banks financial disclosures.
Theres common ground in Democratic and Republican proposals.
Washington office is now litigating 90 cases, up more than 50% from year ago.
Other big U.S. banks say their corporate investment offices avoid derivatives.