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Archive for Wednesday, January 20, 2010

White House likely to name deficit panel

January 20, 2010

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— President Barack Obama is poised to name a special commission to come up with a plan to curb the spiraling budget deficit, top Democrats said Tuesday evening.

The bipartisan 18-member panel would be asked to report a deficit reduction blueprint after the November elections that would be voted on before the new Congress convenes next year.

Obama has signaled that the White House is willing to tackle the deficit this year, and the deficit panel would allow him to signal resolve without recommending specific steps that might offend key interest groups.

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