This week, the National Commission on Fiscal Responsibility and Reform unveiled a preliminary version of their proposal to reduce the deficit over the next few years. It has yet to be approved by the entire commission, and once approved (if it is approved) it has no effect unless approved by Congress. The commission was created by an executive order by Obama.
- Ezra Klein's analysis.
- Proposed spending cuts can be found here.
- NYT Story.
- Times Topics: National Commission on Fiscal Responsibility and Reform.
