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U.s. Deficit Topics

Obama Debt Commission: Erskine Bowles, Alan Simpson To Chair Panel, Says Obama Official

Determined to have a deficit commission with or without Congress' backing, President Barack Obama plans to announce on Thursday that he is establishing a panel similar to – although weaker than – the one lawmakers rejected.

Obama says deficit could jeopardize recovery

President Barack Obama renewed his pledge on Saturday to make job creation his top priority in 2010 but said it was also critical to rein in a record budget deficit that threatened economic recovery.

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