New Bowles-Simpson deficit plan would cut $2.4 trillion
February 19th, 2013
07:31 AM ET
2 years ago

New Bowles-Simpson deficit plan would cut $2.4 trillion

New York (CNNMoney) – Erskine Bowles and Alan Simpson proposed a new framework Tuesday to cut the country's debt by $2.4 trillion over the next decade.

Bowles and Simpson were the co-chairmen of President Obama's bipartisan fiscal commission in 2010, and their recommendations came to serve as a yardstick for other debt-reduction proposals.

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Filed under: Alan Simpson • CNNMoney.com • Debt • Deficit • Erskine Bowles
Bowles-Simpson back on table
April 17th, 2012
07:02 PM ET
2 years ago

Bowles-Simpson back on table

New York (CNNMoney) - A key senator said Tuesday he would try to revive the so-called Bowles-Simpson plan as a starting point in negotiations over a long-term debt-reduction plan.

Democrat Kent Conrad, the Senate Budget Committee chairman, announced he would present the plan as his opening bid at the committee's budget mark-up on Wednesday.

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Filed under: 2012 • Alan Simpson • Deficit • Erskine Bowles • Taxes
The return of Simpson-Bowles
Co-chairmen of the National Commission on Fiscal Responsibility and Reform, former Sen. Alan Simpson and Erskine Bowles participate in a Joint Deficit Reduction Committee hearing on Capitol Hill, on November 1, 2011 in Washington, DC.
March 28th, 2012
10:29 AM ET
3 years ago

The return of Simpson-Bowles

New York (CNNMoney) - More than a year has passed since the ambitious Simpson-Bowles deficit reduction plan went down in flames.

In December of 2010, the plan fell short of the 14 votes required for the commission to present its recommendations to Congress for a legislative vote. Much lip service was paid to the "seriousness" of the plan. But most members of Congress gave it no serious consideration. Ditto for the White House.

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Filed under: Alan Simpson • Congress • Erskine Bowles
Simpson: Politicians need to step up, tackle big debt
February 6th, 2011
10:39 AM ET
4 years ago

Simpson: Politicians need to step up, tackle big debt

Washington (CNN) - Former Republican Wyoming Sen. Alan Simpson, one of the men tasked with proposing a path to get America's fiscal house in order, said he's still waiting for lawmakers to take on the debt charge.

"I'm waiting for the politician to get up and say, there's only one way to do this, you dig into the big four, Medicare, Medicaid, Social Security, and defense," Simpson said Sunday on CNN's "State of the Union. "Anybody giving you anything different than that, you want to walk out the door, stick your finger down your throat, and give them the green weenie."
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Filed under: Alan Simpson • Debt • TV-State of the Union
November 30th, 2010
03:48 PM ET
4 years ago

Obama debt panel delays final vote

New York (CNNMoney.com)– The leaders of President Obama's debt commission said Tuesday that they would delay a vote on final recommendations until Friday.

The vote was originally scheduled for Wednesday.

The commission's co-chairmen, Erskine Bowles and Alan Simpson, said they would still their report on Wednesday.
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Filed under: Alan Simpson • Debt • Erskine Bowles