White House Panel Fails To Advance Cost-Cutting Plan

Law360 (December 3, 2010, 12:59 PM EST) -- The Obama administration's deficit reduction commission failed Friday to advance a plan to slash U.S. debt by wringing more than $200 billion in savings out of defense and civilian agency budgets over the next decade, despite attracting support from a bipartisan majority of panel members.

Leaders of the White House's National Commission on Fiscal Responsibility and Reform pushed off a formal vote on the plan once it became apparent that they would fall short of the 14 votes needed to send the budget-cutting plan to the U.S. House of Representatives and Senate for a vote before the end of the lame-duck...

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