Obama to open first meeting of deficit commission

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Copyright 2010
Monday, April 19, 2010; 2:41 PM

By Lori Montgomery President Obama will address the 18 members of his bipartisan deficit commission next week when they convene at the White House for the first in a series of monthly meetings aimed at building consensus behind a plan to erase the nation's soaring budget deficits. Following Obama's address at 9:30 a.m. April 27, administration officials said Monday, the commission will adjourn to a conference center facing Lafayette Park to hear from an array of economic experts worried about the budget outlook, including Federal Reserve Board Chairman Ben S. Bernanke. In recent speeches and congressional testimony, Bernanke has warned lawmakers that they must act quickly to raise taxes, cut major entitlement programs such as Medicare or both to avoid a budgetary crisis down the road. In addition to Bernanke, the commission will hear from White House Budget Director Peter Orszag, Urban Institute president Robert Reischauer and senior fellow Rudy


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