Debt negotiators Simpson and Bowles make new attempt at large budget deal | Democracy, elections and voting at Democracy Chronicles

Simpson, Bowles unveil $2.4 tn deficit reduction plan

The authors of a US deficit reduction plan that failed to win approval in 2010 on Tuesday put forward a revised version that would slash the deficit by $2.4 trillion over 10 years. The plan re-jigs the timeline of their earlier proposal, while encouraging lawmakers to take a step-by-step approach.

Obama cranks up budget showdown blame game

President Barack Obama cranked up the blame game Tuesday over “meat cleaver” budget cuts due in 10 days, painting a dire picture of damage looming for the US economy and accusing Republicans of refusing to deal. Obama surrounded himself with uniformed emergency workers who he said risked losing their support.