Tags: US | Deficit | Commission

Deficit Plan Picks up 2 GOP Supporters

Thursday, 02 Dec 2010 12:33 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — Two of the Senate's most conservative Republicans have swung behind a controversial deficit-slashing plan by the leaders of President Barack Obama's debt commission.

The support from Tom Coburn of Oklahoma and Mike Crapo (CRAY'-poh) of Idaho means that the plan to cut the deficit by almost $4 trillion over the coming decade is likely to win a majority of the panel's 18 members. But it's still expected to fall short of the high bar of 14 votes required to be officially endorsed.

Coburn and Crapo say that the deficit problem is too great to put off action until after the next election and that if lawmakers don't act now they will have to face far more painful choices later. House Republicans are likely to oppose the plan because of its tax hikes.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved