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.
Facebook Inc., the world’s most popular social-networking service, named Erskine Bowles, a member of former President Bill Clinton’s administration, as a director, expanding the board to seven members.
Wall Street executives who lost a bet that Republican Mitt Romney would defeat President Barack Obama are bracing for tougher regulation and hoping a deal can be struck with Congress to cut the deficit.
The leaders of President Barack Obama’s 2010 deficit commission offered a $2.4 trillion plan to reduce the debt as Congress approaches a March 1 deadline for averting across-the-board federal spending cuts.
Ohio Senator Rob Portman said at a Bloomberg-Washington Post breakfast at the Republican National Convention in Tampa, Florida, that the U.S. presidential debates will help Republican Mitt Romney close a likability gap with President Barack Obama.
Last week in Washington, beneath a flock of pigs flying south in a majestic V formation, the co- chairmen of President Barack Obama ’s deficit commission released a plan that actually could solve the nation’s pending fiscal crisis.
The bipartisan National Commission on Fiscal Responsibility and Reform, led by former U.S. Senator Alan Simpson and former chief of staff to President Bill Clinton , Erskine Bowles , spent nine months studying the nation’s long-term fiscal policy and devising a plan that purports to keep the country from going broke.