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Deficit Commission Chairs Call for Deficit Negotiations in January

Photo Courtesy - Getty Images(WASHINGTON) -- In a statement released Thursday, Erskine Bowles and Alan Simpson, co-chairmen of the president’s deficit commission, urged the president to initiate negotiations with congressional leaders about creating a national deficit reduction plan upon their return in January. 

Bowles and Simpson met with Treasury Secretary Tim Geithner and Office of Management and Budget director Jack Lew Thursday morning at the White House and released a statement in conjunction with the meeting.
In the statement, Bowles and Simpson expressed the need for bipartisan negotiations to establish “a serious fiscal responsibility plan to strengthen our economy for the long term.” 

They also encouraged President Obama to use the ideas contained in the commission’s plan unveiled last week as a starting point to develop his own deficit reduction plan.

"We urge the President to build on these bipartisan ideas by putting forward his own plan in his State of the Union address and budget.  We further call on him to bring key congressional leaders together with administration officials to negotiate and reach conclusion on a specific deficit reduction agreement that would be enacted," Bowles and Simpson said in the joint statement.

The co-chairmen concluded emphasizing the importance of working together across the aisle.

"Neither party can fix this problem on its own, and both parties have a responsibility to do their part.  Americans are counting on us to put politics aside, pull together not pull apart, and agree on a plan to live within our means and make America strong for the long haul."

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