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Bowles, Simpson unveil new deficit plan
WASHINGTON -- Erskine Bowles and Alan Simpson, who have been pushing for a major deficit reduction plan since co-chairing a bipartisan commission on fiscal reform, released a new proposal Tuesday to cut the nation's debt by $2.4 trillion over the next decade.
Called "A Bipartisan Path Forward to Securing America's Future," the plan attempts to avoid the large automatic spending cuts set to hit March 1 while also dealing with long-term debt drivers such as Medicare.
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Bowles, Simpson unveil new deficit plan
WASHINGTON -- Erskine Bowles and Alan Simpson, who have been pushing for a major deficit reduction plan since co-chairing a bipartisan commission on fiscal reform, released a new proposal Tuesday to cut the nation's debt by $2.4 trillion over the next decade.
Called "A Bipartisan Path Forward to Securing America's Future," the plan attempts to avoid the large automatic spending cuts set to hit March 1 while also dealing with long-term debt drivers such as Medicare.
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