Webcast: Debt Commission Kicks Off First Meeting

The President's National Commission on Fiscal Responsibility and Reform kicks off today with its first meeting to discuss the country's long-term fiscal challenges. The commission must report its recommendations by December 1 on how to lower the deficit to 3 percent of GDP by 2015 and how to slow the long-term growth of debt.

The meeting will be broadcast live starting at 9:45am on C-SPAN. Speakers will include Fed Chairman Ben Bernanke and OMB Director Peter Orszag, along with CRFB's very own Bob Reischauer and Rudy Penner.

Also, make sure to check out our twitter feed as CRFB will also be live tweeting this event.

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Congress Should Avoid a Costly End-of-Year Package

With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the Congressional lame duck session. Instead, lawmakers should begin making progress on the debt either by enacting savings or implementing process reforms.

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