Panel urges Obama to work on deficit plan

2010-12-09T10:00:15Z

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

Deficit commission's leader knocks tax cut plan

2010-12-08T15:01:12Z

Co-chair of Obama's deficit commission knocks tax cuts agreement without long-term restraint

One of the leaders of President Barack Obama's deficit commission said Wednesday he's "deeply disappointed" by the agreement between the White House and co...

Deficit panel split; painful package in doubt

2010-12-01T15:00:51Z

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 called it a starting point for efforts next year to control the nation's ballooning debt.

"It's a template that gives people an opportunity to ...

Deficit Plans Would Not Be Tax Cuts For The Rich

2010-11-29T14:41:29Z

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Who Gets Taxed Under Bowles-Simpson Deficit Plan?

2010-11-29T14:40:35Z

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Analysis: Deficit panel pushes Dems, GOP

2010-11-12T13:30:32Z

Analysis: Deficit panel pushes GOP, Dems, to accept higher taxes, spending cuts to curb debt

The 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 want.

Their plan — mixing painful cuts to Social Security and Medicare with big tax increases ...

Deficit panel targets Social Security, taxes

2010-11-10T11:30:39Z

WASHINGTON (Reuters) - The co-chairmen of a presidential commission to cut the budget deficit on Wednesday proposed reducing benefits and raising the U.S. pension retirement age among an array of tax and spending changes.

Taking aim at some of Washington's most politically explosive fiscal issues, the draft proposals ...

Deficit-cut panel convenes amid skepticism

2010-09-28T22:30:09Z

WASHINGTON (Reuters) - With just two months left before it has to issue a final report, a U.S. commission looking at ways to cut the federal deficit was to meet again on Wednesday amid questions about its hard-headedness.

Getting the government's budget out of the red and back into the black -- after years of costly wars, tax cuts and recession -- will require spending reduction...

Now comes the hard part for fiscal commission

2010-04-27T14:01:29Z

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 -- raising taxes, cutting spending or, the mostly likely outcome, a painful mixture of both.<...

Wyoming Deficit Commission

2010-12-08T14:04:25Z

Co-chair of the National Bipartisan Commission on Budget Reform and Fiscal Responsibility, Alan Simpson speaks during a national debt forum Wednesday, Dec. 8, 2010, in Cheyenne, Wyo. (AP Photo/The <...

Deficit Commission

2010-12-03T16:01:50Z

Commission on Fiscal Responsibility and Reform co-chairmen Erskine Bowles, left, and Alan Simpson, listen to remarks as the last session of the commission was held on Capitol Hill in

Debt Commission

2010-11-30T18:31:18Z

President Barack Obama's Debt Commission co-chairmen, Erskine Bowles right, and former Wyoming Sen. Alan Simpson, take part in a news conference on Capitol Hill in Washington

Cutting Deficits

2010-11-12T10:34:07Z

Erskine Bowles, left, follows former Wyoming Sen. Alan Simpson, on Capitol Hill in Washington Wednesday, Nov. 10, 2010, as the co-chairmen of President Barack Obama's bipartisan deficit commission arrived for a...

Kennedy Changed Senate

2010-06-26T01:06:07Z

FILE -- In this Sept. 13, 1984 file photo, House and Senate conferees meet at the start of their first session on the immigration reform bill on Capitol Hill in Washington. From left are, Sen. Edward Kennedy, D-Mass.; Alan Simpson, R-Wyoming,

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