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A bolder deficit plan

A proposal by the co-chairmen of President Obama's deficit- reduction commission aims to cut the deficit to levels lower than in the CBO's baseline budget by slashing spending, eliminating tax breaks and reforming Social Security.

A proposal by the co-chairmen of President Obama's deficit- reduction commission aims to cut the deficit to levels.

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Obama seeking compromise on Bush tax cuts
Article | With tax breaks for millions of Americans set to expire Dec. 31, President Obama has opened the door to a compromise with Republicans, signaling a new willingness to accept tax breaks for the wealthy to avoid immediate tax hikes across the board.
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Bipartisan agreement on balancing budget may be harder than thought
Article | Forget about convincing Congress. The leaders of the president's fiscal commission came under fire from the panel's own members Tuesday as they struggled to forge a bipartisan consensus on an ambitious plan to balance the federal budget.
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Federal workers' sacrifice would help U.S. debt, deficit panel says
Article | Federal employees would play a major role in reducing the nation's debt and deficit under a set of draft proposals released Wednesday by the co-chairs of President Obama's deficit commission.
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Panel recommends stricter budget rules to stabilize U.S. debt
Article | A bipartisan commission focused on stabilizing the nation's soaring national debt wants to dramatically revise congressional budget rules to force lawmakers to set long-term borrowing goals and create triggers that would automatically enact painful spending cuts and tax increases if those goals w...

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