Erskine Bowles News
President Obama: There Is No Debt Crisis
There has been no shortage of dire warnings about the mounting US national debt, but President Obama is now offering a different assessment: no big deal. “We don’t have an immediate crisis in terms of debt,” President Obama said in an exclusive interview with George...
Obama's Chained CPI Throws Off Pols and Here's How It Works
President Obama’s outline for government spending in fiscal year 2014 includes a controversial proposal that has not only thrown the Republican Party off balance at the outset of upcoming budget negotiations but has also split his own party. The proposal is a move to slow...
The Democratic Budget: Unbalanced Balance?
You talk about the need for balance and many times when president has put out some entitlement reforms critical part of balance. You expect. You hope when the senate Democrats released their budget tomorrow. It has its entitlement reforms what president. Well I always I will wait for the the budget
The New Normal (The Note)
By MICHAEL FALCONE (@michaelpfalcone) NOTABLES SETTLING IN FOR THE SEQUESTER: The White House and congressional leaders gave no indication this weekend that the $85 billion in mandatory across-the-board federal spending cuts known as the sequester will be lifted any time soon, reports ABC’s Matthew
Debt Group Pans White House Call for 'Petit Bargain'
As the sequester spending cuts begin to take effect, the White House today pointed to one potential silver lining: significant progress in the battle to tame the nation’s deficit and debt. “The ‘big deal’ has been partly accomplished,” declared White House spokesman Jay Carney, when...
Obama to Nominate Walmart's Sylvia Mathews Burwell as Budget Director
President Barack Obama will nominate a veteran of the Clinton administration and Walmart’s current philanthropic director to lead his Office of Management and Budget on Monday. A senior administration official tells ABC News that Sylvia Mathews Burwell will be appointed to replace the acting ...
It Was The Best Of Fights, It Was The Worst Of Fights (The Note)
By MICHAEL FALCONE (@michaelpfalcone) NOTABLES THE SEQUESTER SHOWDOWN: The White House says that a short-term resolution may be the only workable option to avoid triggering the sweeping package of federal budget cuts known as “the sequester,” unless Congress can reach a broader deficit-reduction
How Do You Solve A Problem Like The Sequester? (The Note)
By MICHAEL FALCONE (@michaelpfalcone) NOTABLES OBAMA PLAYS THE ‘SHAME’ GAME: This morning, according to the White House, “the President will deliver remarks to urge action to avoid the automatic budget cuts scheduled to hit next Friday if Congress fails to find a path forward on...
Bowles, Simpson Protested at Playbook Breakfast
It’s hard to talk about the deficit these days. At the Newseum this morning, bipartisan budget-cutters Alan Simpson, a Republican, and Erskine Bowles, a Democrat, found out just how hard. Protesters interrupted the two as they sat onstage, being interviewed by Politico’s Mike Allen before...