As Deficit Committee D-Day Looms, Deal Looks Doubtful
With Nov. 23 as the deadline, Republicans still aren’t budging on including taxes in any deficit proposal, while Democrats still are reluctant to allow significant changes to entitlement programs.
Former Bush Economist Floats Retirement Reform Plan
An economist to former President George H.W. Bush unveiled a proposal to reform the retirement savings system by replacing the deduction for contributions to retirement savings accounts with a flat-rate refundable credit deposited directly into a saver’s account.
Deficit Reduction Committee Gets to Work
Congress’ solution to the debt limit crisis and rising deficits is fully operational, but many are left wondering whether the bipartisan Joint Select Committee on Deficit Reduction is capable of fulfilling its mandate.
With Pelosi Picks, Deficit Panel Now Complete
Bringing the number to 12, House Democratic Leader Nancy Pelosi announced Thursday her picks for the Joint Select Committee on Deficit Reduction.
Nine Are Named to Crucial Deficit Panel
Senate Majority Leader Harry Reid was the first of the four congressional leaders to make his three selections for the Joint Select Committee on Deficit Reduction, with Speaker John Boehner and Sen. Mitch McConnell following Wednesday, and Rep. Nancy Pelosi yet to make her picks.