Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, May 17, 2024 | Back issues
Courthouse News Service Courthouse News Service

Obama Forms Bipartisan Financial Committee

WASHINGTON (CN) - President Obama has created a bipartisan committee to improve the country's financial situation and balance the budget by 2015.

The National Commission on Fiscal Responsibility and Reform will have 18 members, with six appointed by Obama and six Democrats and six Republicans nominated by congressional leaders. The order requires that at least 14 members agree on the measures it proposes to the president and Congress.

The president selected former Senate Whip Alan Simpson of Wyoming and former Clinton White House Chief of staff Erskine Bowles to co-chair the commission.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.