Erskine Bowles, co-chair of the Simpson-Bowles commission, explains why his new deficit-reduction plan has so much less in tax increases and so much more in health-care cuts.
This is a more centrist proposal than anything Boehner has offered in public before now. But it's similar to what he offered in his talks with Obama, and to what Bowles offered Republicans during the supercommittee. Which is understandable. Those deals must be looking pretty good to Boehner about now. But they're not available.
One of Washington's favorite guessing games -- behind Mitt Romney's veepstakes, but way ahead of who will run the Commerce Department -- is who will replace Timothy Franz Geithner as Treasury Secretary. And as of today, I'm ready to name a frontrunner, at least if Barack Obama is reelected: Erskine Bowles.