Erskine Bowles

Latest Erskine Bowles Items
  • Ex-commission members chase a solution to runaway debt

    The leaders of the defunct White House debt commission Tuesday floated a new deficit-reduction plan and warned that President Obama's legacy is riding on his ability to rein in runaway government spending.

  • "The 'Fiscal Cliff'" (Illustration by Alexander Hunter/The Washington Times)

    LAMBRO: Obama's 'Age of Uncertainty'

    It is clear by now that President Obama and House Speaker John A. Boehner are not going to work out a full-blown deal on taxes, spending and entitlements by the end of this month.

  • Are parties hurtling toward 'fiscal cliff'?

    With little tangible headway being made in Washington on averting the looming federal taxes-and-spending crisis, a key observer said Wednesday that he puts the chances of Congress reaching a deal before the Jan. 1 "fiscal cliff" deadline at less than 1 in 3.

  • Bowles (AP photo)

    Simpson, Bowles say their debt panel plan is still the best option

    The leaders of the Simpson-Bowles commission are still shopping their 2-year-old, $4 trillion debt-reduction plan around Washington, and they say it is gaining enough traction to possibly form the basis for a bipartisan federal debt-cutting deal by year's end.

  • "I know this is sort of geeky stuff, but the hard reality is that the amount of time it takes to put together these plans is really daunting. This takes weeks and weeks and months and months of effort, and that's why I think it's important to begin."
- Budget Committee Chairman Kent Conrad,  North Dakota Democrat

    Democrats punt on Senate budget bill for third year

    In a stunning backtrack that virtually guarantees Congress for the third year will be unable to produce a budget, Senate Democrats' top budget writer Tuesday canceled this week's expected votes on a 2013 fiscal blueprint.

  • **FILE** House Budget Chairman Rep. Paul Ryan (right), Wisconsin Republican, with Republican Conference Chairman Rep. Jeb Hensarling of Texas, holds a copy of their budget proposal during a news conference March 29, 2012, on Capitol Hill. (Associated Press)

    Congress' ability to pass a budget grows more doubtful each year

    House Republicans powered their 2013 budget through their chamber Thursday, marking the high point for the $3.5 trillion spending plan, which would have created a deficit of nearly $800 billion next year.

  • Rep. Paul Ryan, Wisconsin Republican (Associated Press)

    House rejects Bowles-Simpson, Obama budgets

    The Bowles-Simpson deficit-reduction plan went down to a crushing defeat in the House late Wednesday night in a vote that damages the one bipartisan proposal that just a few months ago had seemed like a possible solution to the country's debt woes.

  • ** FILE ** Sen. Mark R. Warner, Virginia Democrat, speaks with reporters on Capitol Hill in Washington on Tuesday, Aug. 2, 2011, after the Senate passed the debt ceiling plan. (The Washington Times)

    Warner backs push to revive deficit plan

    Sen. Mark Warner said Thursday that he believes Republicans and Democrats in Washington still can hammer out a long-term, deficit-reduction deal this year, despite election-year posturing and the partisan gridlock that has handcuffed Congress in recent months.

  • Supercommittee member, Senate Finance Committee Chairman Sen. Max Baucus, Montana Democrat, fends off reporters as he arrives to meet in the Capitol Hill office of Sen. John Kerry, Massachusetts Democrat, with other Supercommittee members as time for action by the deficit reduction panel grows short, Monday Nov. 21, 2011, of Capitol Hill in Washington. (AP Photo/J. Scott Applewhite)

    Deficit supercommittee announces failure

    The bipartisan deficit supercommittee announced Monday evening that it failed to reach a debt-cutting deal by a congressionally imposed deadline, starting the clock ticking on $1.2 trillion in automatic cuts to defense and domestic programs that will take effect in 2013 unless Congress can halt them.

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