President’s Fiscal Commission Weighs Deficit Cuts

Slashing the nation’s $1.5 trillion federal deficit and strengthening the government’s fiscal outlook will be the focus of discussion Wednesday when President Obama’s bipartisan fiscal commission meets for a third time in Washington.

The commission will continue to weigh ideas and suggestions to shrink the deficit by 2015. The commission is scheduled to make recommendations to Congress by Dec. 1.
 
Many lawmakers have floated proposals to trim future Social Security benefits for millions of workers retiring 20, 15, even 10 years from now. The issue is of particular interest to AARP and its members. … Back to Article