That’s the amount of deficit reduction projected over 10 years under a new proposal from Erskine Bowles and Alan Simpson. Bowles and Simpson, who led President Barack Obama’s 2010 deficit commission, introduced a plan yesterday that would achieve savings in...
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Photograph by Scott Olson/Getty Images
Senior citizens protest against cuts to federal safety net programs, including Social Security, Medicare, and Medicaid in Chicago.
Bloomberg by the Numbers: $2.4 Trillion
Photograph by Charles Dharapak/AP Photo
President Barack Obama and Vice President Joe Biden leave the podium after Obama made a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House on Jan. 1, 2013.
Simpson-Bowles: `Truly Missed Opportunity to Do Something Big’
The tax deal approved in a bipartisan vote of the Senate and House and ready for President Barack Obama’s signature is a far cry from any “grand bargain” on the federal debt. It’s a long way from what Alan Simpson...
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Gangnam of One? Simpson’s Advice
Alan Simpson is not only co-chairman of a presidential fiscal commission whose leaders offered a way out of the nation’s deficit. He’s also, along with fellow co-chairman Erskine Bowles, a member of the board of TheCanKicksBack, a nonprofit group promoting...
Read more »Bowles: One-in-Three Chance of Deal
One in three. That’s how Erskine Bowles, co-chairman of President Barack Obama’s fiscal commission and a former White House chief of staff for Bill Clinton, rates the chances of approval of an agreement this year to avert the so-called fiscal...
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Photograph by Andrew Harrer/Bloomberg
Erskine Bowles, co-chairman of President Obama's deficit commission, right, and Alan Simpson, fellow co-chairman of the deficit commission, pose for a portrait at the Russell Senate office building in Washington.
Simpson, Bowles Divided on One Issue
For nearly three years Alan Simpson and Erskine Bowles have been joined at the hip. Simpson the Republican, former Wyoming Senator with the sharp wit, and Bowles the Democrat, former Clinton chief of staff with the investment banker pedigree, formed...
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Photograph by Norm Betts/Bloomberg
Lloyd C. Blankfein says he would be willing to pay higher taxes if he felt the increase was part of a solution aimed at helping reduce the national debt.
Blankfein: Tax Me, If It Will Help
Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein says he would be willing to pay higher taxes if he felt the increase was part of an overall solution aimed at helping reduce the national debt. “No one is...
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Photograph by Saul Loeb/AFP/Getty Images
President Barack Obama in Arlington, Virginia.
Obama’s Book Explanation Doesn’t Reflect Plan
President Barack Obama misrepresented the majority recommendation of the bipartisan deficit commission he appointed in an interview the president gave to journalist Bob Woodward for a book released today. Obama is quoted in “The Price of Politics” telling the famed...
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Photograph by J. Scott Applewhite/AP Photo
House Budget Committee Chairman Paul Ryan puts up a chart as he gives the GOP response to President Obama's budget submission for Fiscal Year 2012.
Ryan Nixed Debt Deal Romney Touts
Representative Paul Ryan was a pivotal figure in killing the 2010 Bowles-Simpson agreement, which Republican presidential candidate Mitt Romney now holds out as a model for putting America’s fiscal house in order. The 18-member panel needed 14 votes to send a 10-year plan to...
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Photograph by Andrew Harrer/Bloomberg
David Cote, chief executive officer of Honeywell International Inc., right, talks to Alan Simpson, co-chairman of President Obama's deficit commission, left, and Erskine Bowles, fellow co-chairman of the deficit commission, in Washington.
Romney Touts Simpson-Bowles — Doesn’t Totally Mean It
Republican Mitt Romney has talked before, as he did this week, about Simpson and Bowles. They were the co-chairmen of the deficit commission that President Barack Obama appointed, the co-chairmen who issued their own set of recommendations for lack of...
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Photograph by Melina Mara/ The Washington Post via Getty Images
Before an afternoon meeting at the White House with Congressional leadership and the President, a member of the Gang of Six and chairman of the Senate Budget Committee, Senator Kent Conrad with reporters concerning a bipartisan deficit-reduction package put forward by the six Senators.
‘Gang of Six’ Rides Again, as 12
The ‘Gang of Six’ is back. And bigger. The six senators who proposed a bipartisan, $3.7 trillion deficit-reduction plan last summer have doubled their core membership and are working to reach consensus on a legislative draft, Senator Kent Conrad said...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
