The president’s deficit commission today held its long-awaited vote on recommendations to balance the budget and reduce the deficit, and despite bipartisan praise of the plan, it failed to garner the 14 votes needed to pass on to Congress. The final tally was 11-7 in favor of passage with a mixture of Democrats, Republicans, and… Read more »
Posts Tagged: deficit reduction
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 »
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 »
The co-chairs of President Obama’s bipartisan deficit commission today unveiled a draft set of proposals to reduce the federal deficit, touching off a contentious debate among lawmakers serving on the commission.
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 »