#Commissions

In a new report, the Congressional Budget Office (CBO) has estimated the automatic spending cuts that would occur if the super committee is unsuccessful. The committee has the goal of reducing the deficit by at least $1.5 trillion over ten…

President Obama offered his deficit-reduction recommendations to the congressional super committee on Monday, urging the panel to find both spending cuts and additional tax revenue to far exceed its assigned goal.Obama put Medicare and Medicaid on the negotiating table, giving…

The new congressional “super committee” meets today amid growing pressure from various quarters to look for ways to encourage economic growth while aiming well beyond its assigned goal of $1.5 trillion in deficit reduction.Washington’s debt limit law this summer created…

It is not inconsistent to provide effective short-term support for the economic recovery while laying the groundwork for long-term deficit reduction. To do so, however, Washington will have to move beyond the inflexibility and partisan vitriol of the recent debt…

In blunt but appropriate language, Federal Reserve Chairmen Ben Bernanke used a high-profile speech late last week to criticize Washington’s handling of the recent debt limit controversy and to call for a better process for making fiscal decisions.Speaking at an…

Although the new congressional super committee has not yet met, its co-chairs say panel members are busy “reviewing the deficit reduction work that many others have engaged in over the past several years.”The committee’s leaders, Sen. Patty Murray (D-Wash.) and…

The “no new taxes” pledge taken by Republicans in Congress has been a huge obstacle to achieving bipartisan agreement on a comprehensive deficit reduction plan. Many Republicans interpret the pledge as ruling out revenue increases of any kind, even those…

The Concord Coalition is calling upon the 12 members of the Congressional Super Committee to include a critical 13th member in their deliberations -- you. As we discussed in yesterday's post, The American People Want In, the Committee’s decisions will affect…