Senators Kirk and Manchin Offer "Go Big" Proposal

Today, Senators Mark Kirk (R-IL) and Joe Manchin (D-WV) called for a "Sense of the Senate" resolution pushing for Congress to "Go Big" on deficit reduction using the framework of the Simpson-Bowles proposal. The resolution is a non-binding agreement that a "Go Big" approach needs to be taken towards deficit reduction.

McConnell Lends Support for "Go Big"

According to The Hill, Senate Minority leader Mitch McConnell (R-KY) has signaled to Senate colleagues that he would be willing to support a $4 trillion plan. That sounds like a call for “Go Big” to us! This is a favorable change, given that earlier this week it was reported that he had favored a smaller $1.2 trillion package in savings.

Senate Committee on Aging Holding Hearing on Medicare Reform

CRFB President Maya MacGuineas and former CBO director and current CRFB board member Douglas Holtz-Eakin will be testifying in front the Senate Special Committee on Aging at a hearing entitled "A Time for Solutions: Finding Consensus in the Medicare Reform Debate." 

CRFB President Maya MacGuineas and Board Member Douglas Holtz-Eakin Testify on the Economic Effects of the Deficit

In case you missed it last Wednesday, CRFB President Maya MacGuineas and CRFB board member Douglas Holtz-Eakin testified in front of the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy.

Senators Sessions and Snowe Get Specific on Budget Process Reform

Budget process reform is back in vogue. Coming on the heels of yesterday’s hearings about budget process in both the House and Senate, Senators Jeff Sessions (R-AL) and Olympia Snowe (R-ME) have introduced a bill that would reform pieces of the budget process to avoid certain gimmicks and make other improvements.  Their "Honest Budget Act" would,

Lieberman and Coburn Urge Super Committee to Take Up Medicare

The submissions keep on coming. Now, Senators Tom Coburn (R-OK) and Joe Lieberman (I-CT) have sent a letter to the Super Committee, pressing them to consider their Medicare proposal.

36 Senators Call for Super Committee to "Go Big"

Update: The Gang of 36 has grown to 45 --23 Republicans, 21 Democrats, and 1 Independent. See below for the full list of participating Senators.

More Support for the Gang of Six

As the debt-ceiling proposals from Rep. Boehner and Sen. Reid continue to be debated, support for the comprehensive, balanced proposal offered by the Senate's Gang of Six early last week continues to build.

Timing Shouldn't Be a Problem for the Gang...

Despite broad enthusiasm for the Gang of Six proposal released yesterday, some have argued that there isn't enough time to put it into law. Senator Majority leader Harry Reid said, for example:

The Gang's All Here

The Gang of Six has been working on a fiscal plan for months now, and it appears that they are now ready to step into the debt debate in the eleventh hour. More positively, it looks like they may have a wide swath of support in the Senate.

Syndicate content