The U.S. Securities and Exchange Commission and other government agencies are conducting a broad probe of “potential security and financial risks” in a foreign visa program used to promote job growth, according to a letter sent to the Senate yesterday.
Erskine Bowles and Alan Simpson, the deficit-reduction duo, are trying to rekindle congressional interest in a $2.5 trillion package of spending cuts and tax increases with new details showing how it could work.
President Barack Obama “walked away” from his bipartisan U.S. deficit-cutting commission’s plan “because he knew he’d be torn to bits,” said former Republican Senator Alan Simpson, who was co-chairman of the panel.
Former Republican Senator Alan Simpson of Wyoming, who was co-chairman of Barack Obama’s bipartisan deficit-reduction commission, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that the president “walked away” from the issue in his annual State of the Union speech to Congress “because he knew he’d be torn to bits.”
For years, Erskine Bowles and Alan Simpson pulled off a very unusual and very difficult trick: They managed to position themselves firmly in the political center even as their budget proposal was far beyond the boundaries of what either party was proposing.
Republican Representative Charlie Bass was among only 38 U.S. House members who voted in March for a deficit-cutting measure based on a proposal by the leaders of President Barack Obama’s Simpson-Bowles commission.