Analysis: Obama tax deal with GOP marks fast turn

2010-12-10T11:30:25Z

Analysis: Obama swivels from talking spending cuts to proposing $900 billion deal with GOP

So 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 flood of government red ink, President Barack Obama cut a deal with Republicans that would add a whopping $900 billion to the ...

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.

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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 leader says Obama will OK findings

2010-04-27T14:31:50Z

Deficit panel leader says Obama will OK findings, including possible tax hikes, benefits cuts

The 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 the president was unwilling to propose on his own.

But even as Obama urged the 18-member bipartisan ...

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.<...

Debt panel leaders say everything is on the table

2010-04-25T09:00:17Z

On the table: Debt commission leaders say tax increases and spending cuts will be considered

The 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 meeting.

The panel's Republican co-chairman, former Wyoming Sen. Alan Simpson, says th...

Wyoming Deficit Commission

2010-12-08T14:04:25Z

Co-chairs of the National Bipartisan Commission on Budget Reform and Fiscal Responsibility, Erskine Bowles and Alan Simpson laugh during a national debt forum Wednesday, Dec. 8, 2010, in 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...

Governors Association Meeting

2010-07-11T14:00:28Z

Erskine Bowles speaks during the closing plenary session at the annual meeting of the National Governors Association, Sunday, July 11, 2010, in Boston. (AP Photo/Michael Dwyer)

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