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.
Andy Stern, the former head of the fastest-growing U.S. labor union and a close ally of President Barack Obama, said in an interview with Bloomberg Television’s “Conversations with Judy Woodruff,” to be broadcast this weekend, that he expects Obama to reverse his opposition to the easing of tax rules so companies with overseas profits will be encouraged to return the cash to the U.S. Stern is the former president of the Service Employees International Union.
Senator Jeff Sessions, an Alabama Republican, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that there’s not much room for compromise on the House plan to cut $61 billion in government spending this year.
The leaders of President Barack Obama ’s debt-reduction commission unveiled a revised $3.8 trillion savings plan as panel members signaled reluctance to reach a consensus to cut benefits and eliminate tax breaks.
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.
President Barack Obama may put his mark on the World Bank by nominating Lawrence Summers, his former National Economic Council director, to lead the bank when Robert Zoellick’s term expires later this year, according to two people familiar with the matter.
Representative Dave Camp, a Michigan Republican and chairman of the House Ways and Means Committee, said a U.S. tax-code overhaul should be bipartisan, prevent a net revenue increase and avoid shifts in the tax burden across income groups. He was interviewed on “Political Capital With Al Hunt,” airing this weekend.