WASHINGTON — An austere deficit-cutting plan by President Barack Obama’s budget commission has failed to win the supermajority required to force a quick vote in Congress.
The plan won support from 11 of 18 commission members. Fourteen were needed for official approval.
The plan would have cut $4 trillion from the budget over the coming decade through a combination of curbs to Social Security, tax increases and a slew of other spending cuts.
Commission co-chairman Erskine Bowles declared victory, nevertheless. He said the panel’s nonpartisan deliberations showed it’s possible to have an “adult conversation” about cutting the deficit.
Send questions/comments to the editors.
Related Stories
Latest Articles
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.