Deficit-cutting plan fails to advance to Capitol
Friday, December 03, 2021 10:59 AM

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(Source: Associated Press/AP Online)WASHINGTON - An austere deficit-cutting plan by President Barack Obama's budget commission has failed to win the supermajority required to force a quick vote in Congress.

The plan won support from 11 of 18 commission members. Fourteen were needed for official approval.

The plan would have cut $4 trillion from the budget over the coming decade through a combination of curbs to Social Security, tax increases and a slew of other spending cuts.

Commission cochairman Erskine Bowles declared victory, nevetheless. He said the panel's nonpartisan deliberations showed it's possible to have an "adult conversation" about cutting the deficit.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

WASHINGTON (AP) - One of President Barack Obama's closest allies in the Senate says he will vote for the plan even though he has major qualms about its painful spending cuts.

Illinois Democrat Dick Durbin says he is endorsing the austere deficit-cutting plan by Obama's budget commission so he can get a seat at the table when Congress haggles over the deficit next year.

The plan by the leaders of the commission has won over a majority of panel members, including five of the six senators who served on it. House members are poised to kill the plan. Only a single House member, South Carolina Democrat John Spratt Jr. is expected to vote for the plan, which would cut $4 trillion from the budget over the coming decade through a combination of tax increases and painful spending cuts.

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