Breaking: Fiscal Commission Draft Report To Be Released This Afternoon

The White House

This afternoon, the chairmen of the White House’s fiscal commission — officially, the National Commission on Fiscal Responsibility and Reform — will unveil a draft of its recommendations for reducing budget deficits in the coming years, two sources tell me.

This is the “chairman’s mark,” authored by co-chairs Erskine Bowles and Alan Simpson, which commission members agreed should be made public. The final report, representing recommendations to Congress, would require the assent of 14 of 18 members of the commission.

Over the last several months, members of the commission had reportedly been struggling to reach consensus on big ticket items including Social Security, Medicare and tax revenue.

We’ll keep you posted about what made it into the draft.

Late update: This post has been modified since first published.