Deficit Panel Releases Final Report

The president’s deficit panel released its final report today and added details to its original leaked outline for how it suggests the U.S. balance the budget and enact a more stable fiscal policy.  Dubbed “The Moment of Truth”, the document adopts some policies from other private deficit commissions and adjusts some of its prior recommendations…. Read more »

How the Deficit Reduction Plans Impact Associations

This month, three major panels have released high-profile plans to reduce the federal deficit and balance the budget within the near future.  While the press has focused on some of the more high-profile topics like raising taxes or defense spending, the plans, if implemented as written, would have an impact on nonprofits and nonprofit governance:… Read more »

Deficit Panel Running Into Delays

WASHINGTON - APRIL 27: (AFP OUT) U.S. President Barack Obama (4th L) speaks as he greets members of the National Commission on Fiscal Responsibility and Reform, including co-chairs Erskine Bowles (3rd L) and Alan Simpson (5th L), in the Roosevelt Room at the White House April 27, 2010 in Washington, DC. The commission was holding its first formal meeting to hear remarks from Federal Reserve Chairman Ben Bernanke, OMB Director Peter Orszag, and Former OMB Directors Robert Reischauer and Rudolph Penner. (Photo by Alex Wong/Getty Images)

Yesterday, the Power of A shared that the president’s deficit commission panel is considering a number of ways to balance the budget by 2015.  However, with time running out until their December 1 deadline for recommendations, there are doubts as to whether the commission can complete its work on time. Last week the commission’s executive… Read more »