Topic: Erskine Bowles
Analysis: Obama swivels from talking spending cuts to proposing $900 billion deal with GOPSo much for slashing those soaring budget deficits.Less than a week after his bipartisan deficit commission offered a package of tough tax hikes and spending cuts to stem the ...
WASHINGTON (Reuters) - The co-chairs of the deficit commission urged President Barack Obama on Thursday to launch negotiations with Congress early next year on a serious fiscal responsibility plan.Erskine Bowles and Alan Simpson, the panel's chairmen, said they believed a bipartisan agreement ...
Co-chair of Obama's deficit commission knocks tax cuts agreement without long-term restraintOne of the leaders of President Barack Obama's deficit commission said Wednesday he's "deeply disappointed" by the agreement between the White House and congressional Republicans to extend Bush-era tax-cuts without also ...
A painful package of spending cuts and tax increases drew sharp challenges from both the left and right on President Barack Obama's deficit commission Wednesday, putting approval in doubt. However, both parties' Senate budget point men embraced the plan, and even opponents ...
Liberal critics of the deficit reduction and tax reform plans that surfaced over the past couple of weeks have been blasting them for the sin of cutting tax rates for the rich at the same time they'd slash spending for the rest ...
Critics of the deficit reduction plan offered by the co-chairs of President Obama's fiscal commission have blasted it for being both a tax hike (bad if you're a conservative) or a tax cut for the wealthy (bad if you're a liberal). The ...
Analysis: Deficit panel pushes GOP, Dems, to accept higher taxes, spending cuts to curb debtThe leaders of the deficit commission are baldly calling out the budget myths of both political parties, challenging lawmakers to engage in the "adult conversation" they say they ...
Deficit panel leader says Obama will OK findings, including possible tax hikes, benefits cutsThe co-chairman of President Barack Obama's deficit reduction commission said Tuesday that Obama would endorse its findings, including politically toxic tax increases and painful cuts to retirement benefits that ...
WASHINGTON (Reuters) - Everybody agreed at the U.S. fiscal commission's first meeting on Tuesday that without change the United States is headed for fiscal ruin.Now comes the hard part: Finding a solution among options bound to anger a significant number of Americans ...
On the table: Debt commission leaders say tax increases and spending cuts will be consideredThe leaders of President Barack Obama's bipartisan debt commission say everything is on the table, from tax increases to spending cuts, as they prepare this week to begin ...