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Senate rejects Obama-backed deficit task force [View All]

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mystieus

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Tue Jan-26-10 01:09 PM
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Senate rejects Obama-backed deficit task force

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Source: Associated Press

WASHINGTON – The Senate has rejected a plan backed by President Barack Obama to create a bipartisan task force to tackle the deficit this year.

The special deficit panel would have attempted to produce a plan combining tax cuts and spending curbs that would have been voted on after the midterm elections. But the plan garnered just 53 votes in the 100-member Senate, not enough because 60 votes were required. Anti-tax Republicans joined with Democrats wary of being railroaded into cutting Social Security and Medicare to reject the idea.

Read more: http://news.yahoo.com/s/ap/20100126/ap_on_bi_ge/us_obama_budget

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