WASHINGTON - A top Democrat on the House Financial Services Committee is urging Congress to draft the stimulus package to include a "general revenue sharing" program for state and local governments that would provide aid to municipalities facing budget shortfalls as a result of the economic crisis.

Rep. Paul Kanjorski, D-Pa., the chairman of the House Financial Services Committee's capital markets panel, made the recommendation Friday in a letter to House Speaker Nancy Pelosi, D-Calif., and a congressional source said there would be a bond component to the program that would make it easier to issue tax-exempt debt in anticipation of the new federal funds.

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